The major US stock indices are trading lower today, with the Nasdaq down -1.45%, the S&P 500 lower by -0.80%, and the Dow falling -0.42%. Despite today’s broad-based selling pressure, the larger trend remains sharply higher over the last month, with the Nasdaq still up 11.67% and the S&P 500 higher by 6.75% over that same period as the AI-driven rally and risk appetite fueled strong gains into recent record highs. Today’s decline looks more like a sharp bout of profit-taking in many of the market’s biggest momentum names rather than a wholesale reversal of the broader uptrend.
Among the biggest losers today are a number of high-flying technology, semiconductor, AI infrastructure, and momentum-related stocks that had posted massive gains over the last month. The contrast between today’s declines and the strong one-month performance highlights just how extended many of these names had become heading into today’s session.
Some of the notable losers today vs. their 1-month gains:
- Intel: -9.65% today | +79.44% over the last month
- Micron: -6.63% today | +74.10% over the last month
- Qualcomm: -11.72% today | +59.77% over the last month
- SanDisk: -8.92% today | +47.98% over the last month
- Western Digital: -6.03% today | +38.43% over the last month
- Strategy: -6.33% today | +38.67% over the last month
- Baidu: -5.30% today | +23.26% over the last month
- Marvell: -5.27% today | +23.25% over the last month
- Super Micro Computer: -5.37% today | +22.14% over the last month
- Dell Technologies: -6.36% today | +21.89% over the last month
- Oracle: -5.00% today | +18.33% over the last month
- Coinbase Global: -5.11% today | +17.76% over the last month
- Vertiv Holdings: -5.01% today | +16.51% over the last month
- Nebius NV: -5.67% today | +13.58% over the last month
Even stocks seeing steep daily declines remain well above levels from just a month ago, underscoring how aggressive the recent momentum rally had become. Many of today’s hardest-hit names were also among the market’s strongest AI, semiconductor, infrastructure, and speculative growth leaders during the prior rally phase.
The selloff comes as traders react to hotter-than-expected CPI data, higher Treasury yields, and renewed geopolitical concerns tied to Iran and elevated crude oil prices near $100 per barrel. Those developments triggered broad profit-taking in richly valued growth and technology shares after weeks of near one-way gains
This article was written by Greg Michalowski at investinglive.com.
