Nasdaq Dives to 12-Week Low: Worst Performing Sectors and Stocks in the Tech Selloff

Market Overview - The Invesco QQQ Trust (NASDAQ:QQQ) has reached its lowest level in 12 weeks, down 2.83% over the past week and 6.7% below its January 28 peak of $636.60 [2][9] - The Nasdaq-100 index has declined 3.28% year-to-date, with significant selling pressure in the semiconductor and mega-cap technology sectors [2] Semiconductor Sector - The semiconductor sector has experienced the most significant decline, with Advanced Micro Devices (NASDAQ:AMD) dropping 7.96% to $196.58 and Nvidia (NASDAQ:NVDA) falling 4.55% to $179.96 over the past week [3][9] - The iShares Semiconductor ETF has also declined by 1.50% to $349.33, indicating widespread weakness among chip stocks [3] Mega-Cap Technology Stocks - Microsoft (NASDAQ:MSFT) has seen the steepest decline among mega-cap stocks, plummeting 18.02% year-to-date to $396.49 despite beating earnings expectations [4][9] - Other major technology companies have also faced pressure, with Alphabet down 6.72% to $297.19, Meta Platforms down 6.08% to $629.96, and Apple down 5.33% to $259.10 [4] Technical Indicators - Technical indicators show continued weakness, with QQQ's RSI at 40.88, nearing oversold territory, and a negative MACD at -3.96, indicating sustained bearish momentum [5][6] - Elevated trading volumes on down days suggest that the selling pressure is driven by institutional investors rather than retail panic [5][6]