The U.S. stock market experienced a sharp decline on Friday, June 5.
- Nasdaq: -4.18%
- S&P 500: -2.64%
- Dow Jones: -1.35%
Among major AI and technology stocks:
- Alphabet ($GOOGL): -0.98%
- Palantir ($PLTR): -4.35%
- Tesla ($TSLA): -6.55%
- Oracle ($ORCL): -9.70%
Given the severity of the broader market selloff, some of these names almost seemed to “hold up relatively well.”
The biggest declines were seen across AI, semiconductor, data center, quantum computing, and related infrastructure stocks:
Semiconductors
- $MRVL: -16.73%
- $QCOM: -10.97%
- $AVGO: -7.92%
- $INTC: -11.28%
- $AMD: -10.86%
- $NVDA: -6.20%
- $MU: -13.25%
- $TXN: -6.65%
- $ARM: -12.83%
Semiconductor Equipment
- $AMAT: -9.70%
- $ASML: -6.58%
- $LRCX: -9.84%
Optical Networking
- $GLW: -10.13%
- $LITE: -8.61%
Data Centers
- $CRWV: -7.07%
- $NBIS: -12.26%
AI Servers
- $SMCI: -11.21%
- $DELL: -6.49%
- $HPE: -8.49%
Quantum Computing & Quantum Security
- $IONQ: -13.52%
- $QBTS: -13.74%
- $RGTI: -14.40%
Gold Mining
- $NEM: -7.94%
- $B: -7.80%
- $HMY: -9.30%
Investors should continue to watch inflation data, interest rate expectations, and crude oil prices closely.
Market sentiment deteriorated rapidly, but I hope the upcoming SpaceX ($SPCX) IPO can help restore confidence and bring some positive energy back to the market.
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