Nasdaq Dives to 12-Week Low: Worst Performing Sectors and Stocks in the Tech Selloff

"The Invesco QQQ Trust (NASDAQ:QQQ) has plunged to its lowest level in 12 weeks, with the Nasdaq-100 tracking ETF down 2.83% over the past week and 6.7% below its January 28 peak of $636.60. The tech-heavy index has shed 3.28% year-to-date, with selling pressure concentrated in semiconductors and mega-cap technology names. Semiconductors Lead the Decline The chip sector bore the brunt of the selloff. Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) dropped 7.96% over the past week to $196.58, while Nvidia (NASDAQ:NVDA) fell 4.55% to $179.96."

"Software and Internet Giants Under Pressure Microsoft (NASDAQ:MSFT) has suffered the steepest decline among mega-caps, plummeting 18.02% year-to-date to $396.49 despite beating earnings expectations. Other mega-cap technology stocks also faced significant pressure, with Alphabet dropping 6.72% over the week to $297.19, Meta Platforms declining 6.08% to $629.96, and Apple falling 5.33% to $259.10."

"What's Driving the Selloff Technical indicators confirm the weakness. QQQ's RSI sits at 40.88, approaching oversold territory after plunging from 61.19 in late January. The MACD remains deeply negative at -3.96, signaling sustained bearish momentum. Elevated trading volumes on down days suggest institutional selling rather than retail panic. The pullback has compressed valuations across the tech sector. QQQ's RSI at 40.88 and negative MACD at -3.96 indicate continued bearish momentum, with elevated trading volumes on down days suggesting institutional selling rather than retail panic."

QQQ dropped to its lowest level in 12 weeks, falling 2.83% over the past week and 6.7% below the January 28 peak of $636.60. The Nasdaq-100 has lost 3.28% year-to-date with concentrated selling in semiconductor and mega-cap technology names. Semiconductor stocks underperformed, with AMD down 7.96% to $196.58, Nvidia down 4.55% to $179.96, and the iShares Semiconductor ETF down 1.50% to $349.33. Mega-cap weakness included Microsoft down 18.02% year-to-date to $396.49, Alphabet down 6.72% to $297.19, Meta down 6.08% to $629.96, and Apple down 5.33% to $259.10. Technical indicators show QQQ's RSI at 40.88 and MACD at -3.96, with elevated volumes on down days suggesting institutional selling and compressed valuations across the tech sector.

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