Nasdaq 100 components showed mixed performance, with semiconductor stocks leading gains as crypto and payment-related names pulled back.
On October 26, according to Bitget data, during US stock trading, the Nasdaq 100 index stood at 29,359.52 points, up 1.39%. Performance among component stocks diverged, with shares related to electric vehicles, optical communications, chip design, and EDA software showing strong performance, while those tied to Latin American e-commerce, cryptocurrency concepts, payments, and biopharmaceuticals pulled back.
Among the gainers, Tesla (TSLA.O) rose 6.16% to $395.16, primarily engaged in electric vehicles, energy storage, and autonomous driving businesses; Lumentum (LITE.O) climbed 5.93% to $801.02, mainly providing optical communication and photonic device products; Synopsys (SNPS.O) advanced 4.58% to $449.85, primarily offering electronic design automation (EDA) software and chip design solutions; Arm (ARM.O) gained 4.33% to $219.45, focusing on processor architecture licensing and chip IP business; Cadence (CDNS.O) rose 4.22% to $329.83, mainly providing EDA software and semiconductor design tools.
On the downside, MercadoLibre (MELI.O) fell 10.62% to $1,617.98, a major Latin American e-commerce and fintech platform; Strategy (MSTR.O) declined 3.02% to $141.60, an enterprise software company holding a significant amount of Bitcoin; PayPal (PYPL.O) dropped 2.79% to $55.43, primarily providing online payment and digital wallet services; Moderna (MRNA.O) fell 2.38% to $195.35, mainly engaged in mRNA vaccine and related drug research and development; Vertex (VRTX.O) decreased 1.56% to $515.77, primarily focused on the research, development, and sales of drugs for rare diseases such as cystic fibrosis.