Core Insights - Several large-cap stocks experienced significant declines last week, indicating a broader market weakness affecting various sectors [1][2][3][4][5][6] Technology Sector - Credo Technology Group Holding Ltd saw a drop of 20.09% due to weakness in the technology sector, influenced by Broadcom's cautious outlook and Oracle's delayed data center projects for OpenAI [2] - Oracle Corporation's shares fell 14.31% after reporting Q2 sales below estimates, leading to multiple analysts lowering their price targets [5] - Marvell Technology, Inc. decreased by 6.37% amid reports of Microsoft potentially switching to Broadcom for custom AI chip designs [4] Energy and Nuclear Sector - Bloom Energy Corporation's shares slumped 20.68%, reflecting overall market weakness affecting electrical equipment companies [1] - Oklo Inc. decreased by 16.73%, with uranium and nuclear-linked stocks facing pressure from Oracle's delayed data centers [3] Mixed Earnings and Guidance - AeroVironment, Inc. decreased by 15% after reporting mixed earnings and guidance, although Goldman Sachs maintained a Buy rating while lowering the price forecast from $486 to $429 [4] - Alnylam Pharmaceuticals, Inc. saw a decline of 11.06% this week, contributing to the overall negative sentiment in the market [4] Other Notable Declines - Vertiv Holdings, LLC decreased by 13.55% following a downgrade from Wolfe Research [3] - CoreWeave, Inc. fell by 5.52%, caught in the broader tech sell-off triggered by Oracle's mixed fiscal second-quarter earnings [5] - Nebius Group N.V. experienced a decline of 9.61% this week, reflecting the overall market trend [6]
Oracle, Marvell, And Oklo Are Among Top 10 Large Cap Losers Last Week (Dec. 8-Dec. 12): Are the Others in Your Portfolio? - Alnylam Pharmaceuticals (NASDAQ:ALNY), AeroVironment (NASDAQ:AVAV), Bloom En