Nasdaq jumps 0.84% to surpass 30,200 points, driven by Axon and Arm Holdings
Axon, Arm, and Palantir Lift the Market
The top gainer was Axon Enterprise Inc., which soared 12.27% to $439.32, amid a favorable momentum in security equipment. Right behind, Arm Holdings jumped 10.76% to $335.27, confirming the enthusiasm for chip architectures dedicated to artificial intelligence. Palantir Technologies also benefited from the trend, rising 8.17% to $143.34, while Shopify climbed 7.91% to $115.03. Applovin Corp gained 5.65% to $599.89, Atlassian 4.74% to $93.29, and AMD 4.55% to $518.09. Workday advanced 4.43% to $130.01, Qualcomm 4.24% to $243.29, and CrowdStrike 3.97% to $671. This underlying movement benefited semiconductor and cloud computing stocks, bolstered by renewed optimism about the growth prospects of the sector.
Synopsys plummets, The Trade Desk and PDD Holdings decline
Against the trend, Synopsys experienced the largest decline in the index, dropping 8.61% to $480.64, in a move that impacted the entire chip design software sector. The Trade Desk fell 5.11% to $21.15, while PDD Holdings, the parent company of Temu, shed 4.13% to $83.03. CSX Corporation lost 2.82% to $45.81, Ross Stores 2.69% to $227.20, and Coca-Cola Europacific Partners 2.54% to $92.29. Xcel Energy relinquished 2.15% to $79.26, MicroStrategy 1.66% to $151.64, GE HealthCare 1.60% to $62.86, and KLA Corporation 1.51% to $1,927.63. These declines reflect a temporary profit-taking in certain defensive and technology stocks, without impacting the overall momentum of the session.
A Positive Close Before the Long Weekend
By the end of the day, the Nasdaq shows a solid increase to 30,223.89 points, driven by a renewed investor confidence in major growth stocks. Thursday's session once again illustrates the sectoral volatility that animates Wall Street at the end of May, between appetite for semiconductors and caution in other sectors. Attention now turns to the weekly close and the upcoming economic indicators that will influence trading in the coming days.
This content has been automatically translated using artificial intelligence. While we strive for accuracy, some nuances may differ from the original French version.
