Technology sector slumps nearly 8% in July as AI and memory stocks lead selloff

Price Action
โดย Seeking Alpha·Read original
Summary · why it matters

The technology sector fell nearly 8% in July as a selloff spread beyond semiconductor stocks, despite strong earnings from tech giants. Microsoft, Apple, and Nvidia gained 20.93%, 4.94%, and 2.14% respectively, while Meta Platforms slipped nearly 9%. Cognizant Technology Solutions was the best performer, rising more than 34% after strong guidance and praise for its AI strategy, while SanDisk was the biggest detractor, losing over 40% amid weakness across memory and AI-related names. Analysts noted that the pause in the AI trade benefited stocks previously seen as having negative exposure to the trend, and that volatility in proven winners like SanDisk, Corning, and KLA reflects growing fears that the cycle is over.

Impact on stocks 14

Artificial Intelligence▲ · 6 stocks
Semiconductors▲ · 3 stocks
Spatial Computing / AR/VR▲ · 2 stocks
Aerospace & Aviation▲ · 1 stocks
Information Technology▲ · 1 stocks
Cloud & Digital Infrastructure▲ · 1 stocks
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