Nasdaq Nears 30,000 in a Volatile Session: Zscaler Plummets 31%, Applovin Soars 10%

Applovin Leads the Charge, Meta and Micron Follow

Applovin Corp delivered the best performance of the session, gaining 10.42% to $567.83, reinforcing its status as the star stock of the moment. The distributor of advertising solutions for mobile applications continues to capitalize on the sector's dynamics. CDW Corporation followed with a 5.16% increase to $114.19, while Atlassian rose 4.89% to $89.07. Among the heavy hitters, Meta Platforms posted a solid gain of 3.74% to $635.26, supported by renewed interest in major tech stocks. Micron Technology also performed well with a 3.63% increase to $928.41, driven by persistent appetite for memory semiconductor stocks. The travel sector also stood out: Marriott International advanced 3.22% to $385.86, and Booking Holdings rose 3.10% to $168.37. MercadoLibre, the Argentine e-commerce giant, increased by 2.92% to $1,696.17, while Lululemon Athletica gained 2.90% to $131.04 and Cognizant 2.61% to $53.16.

Zscaler Drops 31% as Semiconductors Come Under Pressure

On the flip side, Zscaler experienced a significant market shock, plummeting 31.52% to $126.41, marking the largest drop of the session and one of the steepest declines seen in weeks on the Nasdaq. This sharp correction weighed heavily on the cybersecurity sector. PDD Holdings, the parent company of Temu, dropped 10.38% to $86.61, extending the struggles of Chinese stocks listed in the United States. The semiconductor sector also had a challenging session: GlobalFoundries declined 9.84% to $81.11, Qualcomm fell 6.20% to $233.40, and Arm Holdings decreased 5.76% to $302.71. Baker Hughes shed 5.29% to $63.20, while Marvell Technology lost 4.59% to $198.70. Fortinet dropped 4.50% to $127.93, Constellation Energy fell 4.27% to $288.68, and Intuitive Surgical declined 4.14% to $418.55, illustrating the diversity of sectors affected by profit-taking.

A Contrasting Late-May Session, Index Remains Near 30,000 Points

This session on May 27 confirmed the selective volatility currently characterizing the US market. The Nasdaq, nearly stable at 29,973.57 points, remains within reach of the symbolic 30,000 mark, but individual stock trajectories show pronounced arbitrage by operators. Between a triumphant Applovin and a devastated Zscaler, performance gaps are approaching 42 percentage points, reflecting a session far from monotonous despite an apparently apathetic index. Investors seem to favor certain market segments while abruptly shunning others, in a context where the absence of major macro catalysts gives way to company microeconomics and sector rotations.