Broader US stocks close lower with Chip/AI stocks under pressure
U.S. stocks closed mixed, with the Dow managing a gain while technology shares—particularly semiconductor and AI-related stocks—came under heavy selling pressure.
The closing levels:
- Dow industrial average rose 140.03 points, or 0.26%, to 53,422.35
- S&P 500 fell 21.40 points, or 0.28%, to 7,652.96
- Nasdaq composite dropped 200.26 points, or 0.76%, to 25,980.19
- Russell 2000 declined 22.79 points, or 0.76%, to 2,995.08
- Nasdaq 100 fell 285.68 points, or 0.97%, to 29,023.18
The biggest sector story was the sharp decline in semiconductor, memory and AI-infrastructure stocks. The weakness extended across chipmakers, networking companies, optical suppliers and data-center-related names.
Some of the notable losers included:
- SanDisk: -6.45%
- Micron: -5.83%
- SK Hynix: -4.90%
- Coherent: -4.85%
- Lumentum: -4.22%
- Nebius: -3.75%
- AMD: -3.49%
- Credo Technology: -3.45%
- Marvell Technology: -3.30%
- Intel: -3.14%
- Nvidia: -2.91%
- Broadcom: -2.63%
- Astera Labs: -2.61%
- VanEck Semiconductor ETF: -2.43%
- Monolithic Power Systems: -2.37%
- AppLovin: -2.35%
- Taiwan Semiconductor: -2.11%
- Texas Instruments: -2.05%
Memory and storage companies led the declines, but the weakness was much broader than that. AI chipmakers, data-center connectivity companies and optical-networking suppliers were all hit, suggesting investors were taking profits across the broader AI infrastructure trade.
Away from technology, the winners showed strength in consumer, retail, payments, transportation and defensive stocks.
Some of the leading gainers included:
- Celsius Holdings: +4.93%
- Dollar Tree: +4.01%
- Mastercard: +3.30%
- Visa: +3.07%
- Chipotle: +3.05%
- Alaska Air: +2.90%
- Strategy: +2.83%
- FedEx: +2.76%
- Walmart: +2.69%
- Target: +2.68%
- Walt Disney: +2.63%
- Costco: +2.50%
- DoorDash: +2.49%
- General Mills: +2.39%
Retailers were among the strongest performers, with Dollar Tree, Walmart, Target and Costco all posting solid gains. Consumer-oriented companies also performed well, including Celsius, Chipotle, DoorDash and Disney.
Visa and Mastercard provided leadership in financial services, while FedEx and Alaska Air showed strength in transportation. General Mills added a defensive element to the winners, while Strategy benefited from continued strength in cryptocurrency-related assets.
Overall, Monday’s price action had the characteristics of a rotation rather than broad market selling. Investors moved away from semiconductor and AI-infrastructure names and into retailers, consumer companies, payment processors, transportation stocks and selected defensive shares. That rotation helped lift the Dow even as the technology-heavy Nasdaq 100 fell nearly 1%.
Of note is Nvidia will report earnings on Wednesday after the close. The stock has been down for 7 consecutive days with the price moving from a high at at $227.76 to a low today at $207.25. The low price today did extend toward the 100 day MA at $206.99 (short by $0.26). A move below the 100 day MA would have traders targeting the 200 day MA at $199.34 as the next key target.
This article was written by Greg Michalowski at investinglive.com.提供 MainLink：Investinglive RSS Breaking News Feed
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