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Chart of the Day

Chip Stocks Soared While Nvidia Went the Other Way

Tech Stocks, Daily Change %

  1. CoherentStrongest+ 16.79%COHR
  2. Monolithic Power Systems+ 16.60%MPWR
  3. Advanced Micro Devices+ 13.26%AMD
  4. Teradyne+ 12.73%TER
  5. Applied Materials+ 11.37%AMAT
  6. NvidiaWeakest− 4.27%NVDA

What It Shows

Chip and hardware stocks led a powerful rally, yet Nvidia, the sector's heavyweight, fell 4.27%. Coherent jumped 16.79%, Monolithic Power Systems 16.60% and Advanced Micro Devices 13.26%, all among the day's biggest gainers, while Nvidia ranked second on the list of decliners. The buying went well beyond chips: all 11 of 11 sector funds closed higher, 424 stocks advanced against 82 decliners in the tracked universe, and the Nasdaq 100 gained 3.54%. Even so, the Nasdaq 100 is still down 0.26% over five sessions, so the rebound from last week's sharp chip selloff has not fully erased the losses. The thing to watch next is whether the chip buying spreads to Nvidia.

Percentages are close-to-close, from daily trade bars (Alpaca SIP); every figure in the text appears in that day's data.

Not Investment Advice.

The Market That Day

Nov 9 CloseDay's Poster

Indices

  1. Nasdaq 100QQQ+ 3.54%
  2. S&P 500SPY+ 2.37%
  3. Dow JonesDIA+ 2.17%
  4. Russell 2000IWM+ 3.23%

Top Movers

Biggest Gainers

  1. MPWRMonolithic Power Systems Inc+ 16.60%
  2. ALABAstera Labs, Inc.+ 13.72%
  3. AMDAdvanced Micro Devices, Inc.+ 13.26%

Biggest Losers

  1. NVDANVIDIA Corporation− 4.27%
  2. TRIThomson Reuters Corp− 3.79%
  3. TTWOTake-Two Interactive Software, Inc.− 3.48%

Calendar

There were no economic releases that day.

307 Companies Reported

  • +302

Indices, breadth and top movers come from the same source as the Day's Poster: closing bars for that day and the previous session. Indices are shown through the funds that track them (QQQ, SPY, DIA, IWM); breadth and top movers use today's Nasdaq 100 member list.

Alpaca · SIPUpdated 16:26 NY

To Understand This

What Is an Index?Where the number called the S&P 500 comes from — and why it behaves differently from the Dow.What Is Sector Rotation?Money changing sectors without leaving the market — and how that tracks the economic cycle.