Nasdaq climbs 0.72% boosted by Amazon and semiconductors
Amazon and Semiconductors Ignite the Market
Amazon emerged as the standout winner of the session with a spectacular jump of 5.60%, taking its share price to $233.65. The e-commerce giant sparked a wave of buying across the entire technology sector. However, it was the semiconductor industry that truly shone this Thursday. Lam Research climbed 4.98% to $258.76, while Marvell Technology rose 4.79% to $119.93. Intel, often overlooked in recent months, bounced back by 4.70% to $61.72, indicating renewed interest in the sector's stocks. Micron Technology (+3.63% to $421.51), KLA Corporation (+3.28% to $1,727.26), and Applied Materials (+3.13% to $397.81) completed this positive picture. Texas Instruments added 2.91% to $214.98. Outside the semiconductor realm, Lululemon Athletica stood out with a rise of 4.82% to $166.51, while Netflix gained 2.68% to close at $102.05.
Sharp Market Correction in Cybersecurity and Software
On the opposite end of the spectrum, cybersecurity stocks faced severe profit-taking. Zscaler plummeted by 11.33% to $122.23, marking the largest drop in the index. Axon Enterprise fell by 10.27% to $351.33, while CrowdStrike declined by 7.46% to $394.68. The correction movement also struck enterprise software publishers. Atlassian dropped by 7.32% to $58.96, Palantir Technologies by 7.30% to $130.49, and Intuit by 7.14% to $361.69. Datadog and Autodesk both lost 6.45%, settling at $108.98 and $225.13, respectively. Shopify surrendered 6.43% to $112.38, while Workday closed down 5.13% at $113.06. This sector correction stands in stark contrast to the euphoria observed in semiconductors.
A Variable Geometry Session on the Nasdaq
The session on April 9 perfectly illustrates the current selectivity of the US market. While the Nasdaq ends in positive territory at 25,082.09 points thanks to the performance of Amazon and chip manufacturers, the dispersion of performances remains significant. Investors have clearly favored stocks exposed to tech infrastructure to the detriment of pure software and cybersecurity players. This sector rotation, without any apparent major catalyst, reflects an adjustment of positions ongoing throughout the quarter. The US market thus continues its path between targeted advances and sectoral corrections.
This content has been automatically translated using artificial intelligence. While we strive for accuracy, some nuances may differ from the original French version.
