Nasdaq 100 eyes best year since 1999, winners and losers on tech-heavy index

Illumina

29/12/2023 15:31

** Nasdaq 100  .NDX  is up about 55% year-to-date, on track
for its best year since 1999
    ** The investments in artificial intelligence and strength
in "Magnificent 7" powered the rally in tech-heavy index
    ** Nvidia  NVDA.O  gained the most this year being one of
the biggest beneficiaries of the adoption of AI technology
    ** Meta  META.O  reported its best operating margins in two
years in Q3, supported by recovery in digital advertising and
its $5 bln cost-cut measures, the $40 bln buy-back program it
announced at the beginning of the year
    ** Crowdstrike  CRWD.O  said the firm saw resilient demand
for its cybersecurity offerings in Q4 as businesses try to
ensure safety against rising online threats
    ** On the flip side, Moderna  MRNA.O  was the worst
performer on the index on concerns around waning demand for
COVID vaccines and anticipation of a loss this year 
        ** Kraft Heinz  KHC.O  was hurt by consumers cutting
back on spending and switching to cheaper options, as co rapidly
hiked its prices due to increased input costs and inflation
    ** PayPal  PYPL.O , once a pandemic-era darling, shuffled
top management this year while grappling with a slowdown in
consumer spending and contracting margins 
                YTD%
 Top Gainers    
                
 Nvidia         239%
 Meta           198%
 Crowdstrike    143%
 AMD            130%
 MongoDB        112%
    
                YTD%
 Top Losers     
                
 Moderna        -45%
 Illumina       -30%
 Kraft Heinz    -10%
 PayPal         -11%
    

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Nasdaq 100 winners    https://tmsnrt.rs/47jZH8V
Nasdaq 100 laggards    https://tmsnrt.rs/41JBQyb
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 (Reporting by Pranav Kashyap in Bengaluru)
 ((Pranav.Kashyap@thomsonreuters.com))