Meta experienced a notable increase of 2.4%, leading the surge among the major technology stocks. In contrast, NVIDIA (NVDA, Financial) saw a decline, falling alongside other semiconductor stocks. At one point, NVIDIA's stock dropped by 2.1%.
Other semiconductor companies such as Coherent, Micron Technology, Entegris, and ON Semiconductor also faced declines. Within the tech giants, Alphabet rose by 1.5%, and Amazon increased by 1.4%, while Microsoft and Apple saw modest gains.
The Bloomberg Equal-Weighted Index of the seven tech giants has risen by 67% in 2024, despite a 10% decline year-to-date.
