Nasdaq 100 Analysis: Chip Stock Strength Fades as Key Resistance Zone Holds Firm
Which Stocks Are Powering the Nasdaq’s Upside?
AMD, KLA, Applied Materials surging
AMD continues to lead chip‑space gains, trading up about 8% intraday. KLA is up over 5%, while Applied Materials is adding nearly 4%. These names are reinforcing strength in the semiconductor subsector.
Broadcom, ASML, Meta rallying
Broadcom is up 2.65% and ASML has added 2.1%. Meta Platforms is up more than 1%, alongside gains in Alphabet shares, lending breadth to the rally beyond chip names.
Constellation Energy, PayPal holding ground
Outside pure tech, Constellation Energy is up 2.8%, and PayPal, though off its highs, remains relatively stable compared to broader weakness seen elsewhere in financials and consumer stocks.
