102 Technology-sector names (market cap ≥$500M) gapped 15%+ on a single trading day between April 1 and July 13, 2026 — 65 up, 37 down. This is a full sweep, grouped by industry, with the fundamentals attached to each move and the confirmed catalyst behind every large-cap gap.
The method
For every active Technology-sector stock with market cap ≥$500M, I compared each day's open against the prior close across the full April 1 – July 13 window and kept the single largest absolute gap per name, filtered to ≥15%. Six names were excluded for split-distorted price data (KLAC, CRWD, ALIT, VISN, MQ, VRRM all executed splits inside or adjacent to the window that corrupt an unadjusted day-over-day comparison). Everything below is real price action.
Two-thirds of the gaps were to the upside (65 up vs. 37 down) — this window was dominated by an AI-capex earnings season that rewarded beats violently and punished soft guidance just as violently, sector-wide. By industry: Software - Application (26 names) and Semiconductors (25 names) accounted for exactly half the list, followed by Software - Infrastructure (18) and Hardware, Equipment & Parts (10).
The AI memory/chip supercycle — the biggest and most confirmed theme
Micron (MU) +17.6%, 6/25 — Q3 FY26 revenue guided toward $35B (+279% analyst estimate framing) with EPS estimates calling for triple-digit growth; the company entered the print with its entire 2026 HBM capacity already sold out under binding contracts, and the stock was already at an all-time high (~$1,134) into the report with options pricing a 17% implied move. Money Morning, Investing.com
AMD (AMD) +15.3%, 5/6 — Q1 revenue $10.3B, non-GAAP EPS $1.37, Data Center revenue +57% YoY to $5.8B on EPYC and Instinct GPU ramp, Q2 guided to ~$11.2B; stock closed up 18.6% with more than 20 brokerages raising targets (Goldman to $450). CNBC
Intel (INTC) +23.1%, 4/24 — Q1 revenue $13.6B vs. $12.36B consensus, adjusted EPS $0.29 vs. $0.01 expected — its biggest single-day gain in nearly four decades. Foundry revenue hit $5.4B (+20% sequential) though external foundry revenue was still only $174M, leaving the AMD-competitive question open. TIKR
Sandisk (SNDK) +16.9%, 6/25 — the standout NAND name of the whole cycle: Gartner-projected 234% NAND pricing inflation for 2026, FY26 EPS estimated to have grown ~22x to $66.51. The stock later gave back 10% in a single session on 6/26 as the market re-litigated whether the pricing surge is structural or cyclical top — worth noting since our gap window caught the up-leg, not that reversal. TIKR
NXP Semiconductors (NXPI) +22.2%, 4/29 — adjusted EPS $3.05 vs. $2.95 est., revenue $3.18B (+12% YoY); CEO cited software-defined-vehicle processors, radar and electrification chips (now >45% of automotive revenue, up from 39%) driving ~90% of YoY segment growth — the auto-semi destocking cycle turning. CNBC
Seagate (STX) +15.4%, 4/29 and Corning (GLW) +16.8%, 5/6 rounded out the physical AI-buildout layer: Seagate posted EPS $4.10 vs. $3.45 est. on hyperscale nearline demand; Corning's Optical Communications sales grew 36% YoY and the company announced a long-term NVIDIA manufacturing partnership for AI optical connectivity the same week. Yahoo Finance, Corning IR
MaxLinear (MXL) +57.7%, 4/24 — infrastructure/optical-datacenter revenue confirmed +136% YoY with guidance raised to $160–170M for Q2, followed by Stifel/Needham upgrades.
AI systems and networking — Dell, HPE, Cisco, Fortinet
Dell (DELL) +31.8%, 5/29 — the single sharpest large-cap print of the window: adjusted EPS $4.86 vs. $2.96 consensus, revenue $43.8B vs. $35.77B, $24.4B in AI orders and AI server revenue +757% YoY to $16.1B, building a record $51.3B AI backlog. FY27 guidance points to $165–169B revenue. Stock's best day ever, +234% YTD at the time. CNBC
HPE (HPE) +34.2%, 6/2 — Q2 revenue/EPS +40%/+108% YoY, networking segment +148% (Juniper integration), AI orders and backlog nearly doubled YoY, FY26 Networks-for-AI order target raised to $1.7–1.9B. Motley Fool
Cisco (CSCO) +15.4%, 5/14 — EPS $1.06 vs. $1.04, revenue $15.84B vs. $15.56B, FY26 guidance raised to $62.8–63.0B; AI infrastructure orders raised to a $9B FY target from $5B, even as the company cut ~4,000 jobs to redirect spend toward AI. CNBC
Fortinet (FTNT) +17.0%, 5/7 — Q1 non-GAAP EPS $0.82 vs. $0.62 consensus, product revenue +40% YoY, billings +31%, FY26 guidance raised to $7.71–7.87B revenue / $3.10–3.16 EPS — AI infrastructure demand feeding directly into firewall/SASE billings. Seeking Alpha
Akamai (AKAM) +24.6%, 5/8 — beat on EPS/revenue, Cloud Infrastructure Services +40% YoY, plus a confirmed $1.8B/7-year commitment from a frontier AI model provider for Akamai's cloud infrastructure.
The other half: guidance-cut air pockets in beaten-down and high-multiple software
The defining pattern of this window is that an earnings beat was not protective — several names cratered despite clean prints because guidance, margins, or leadership changes overshadowed the headline number:
ServiceNow (NOW) -15.4%, 4/23 — subscription revenue +22% YoY, cRPO +21% and above guide, op margin beat — and the stock still had its worst day on record on Middle East revenue headwinds and margin pressure from the Armis acquisition. 24/7 Wall St.
Cloudflare (NET) -15.4%, 5/8 — beat on both lines (revenue $639.8M vs. $620.9M est., EPS $0.25 vs. $0.23), but Q2 guidance of $664–665M landed a rounding error below consensus, and a 20% workforce reduction (1,100+ roles) tied to an "agentic AI-first" restructuring spooked the market. CNBC
Zscaler (ZS) -25.7%, 5/27 — worst day ever despite revenue +25% YoY beat and EPS beat, because FCF margin guidance was slashed to 22.8–23.3% from 26.5–27% (accelerated hardware purchases ahead of rising costs) plus two sales-leadership departures. Yahoo Finance
HubSpot (HUBS) -23.7%, 5/8 — EPS and revenue both beat, FY26 guidance raised to a 2027 margin target hit a year early — and the stock still fell on fears about an April go-to-market reset. TIKR
Klaviyo (KVYO) -25.7%, 5/6 — record 28% revenue growth and highest-ever operating margin, wiped out by a surprise CFO departure and soft current-quarter guidance. Wix (WIX) -26.4%, 5/13 — a rare actual miss (EPS $0.75 vs. $1.21 est.) as operating margin collapsed to 5% from 21% on front-loaded AI compute spend for its Base44/Harmony products. Intuit (INTU) -18.7%, 5/21 — beat and raised guidance, but paired it with a 17% workforce cut and a trimmed TurboTax forecast, in a stock already down 40%+ YTD on AI-disruption fears. Accenture (ACN) -18.9%, 6/18 — its worst day on record: bookings -2% YoY (-13% sequentially) and a narrowed FY guide (3–4% from 3–5%) as AI reshapes consulting demand and Middle East clients paused spending. Bloomberg
Roblox (RBLX) -23.3%, 5/1 — cut FY26 bookings growth guidance to 8–12% from 22–26% as new age-verification and safety requirements slow user growth. ON Semiconductor (ON) -17.2%, 6/26 — a slight EPS/revenue guide miss compounded by market digestion of an all-stock Synaptics acquisition (dilution concerns), even as AI datacenter revenue was reported growing >30% QoQ. IPG Photonics (IPGP) -24.2%, 5/5 — beat on revenue but tariff-driven margin compression (gross margin -2pts, pushed to an operating loss) crushed a stock priced at 167x earnings.
AI-native software winners that held the beat-and-raise pattern
Not every high-growth name got punished — several posted clean beat/raise/rally sequences: Snowflake (SNOW) +35.2%, 5/28 (product revenue +34% YoY, a $6B AWS AI collaboration, Natoma acquisition for AI agent governance); Datadog (DDOG) +30.8%, 5/7 (revenue +32% to $1.006B, AI monitoring demand, EPS $0.60 vs. $0.42); Atlassian (TEAM) +20.9%, 5/1 (revenue +32% YoY, cloud +29%, data center blew past estimates — a reversal after the stock had been down 45%+ YTD); monday.com (MNDY) +18.7%, 5/11 (revenue +24% YoY, record operating income, AI Work Platform launch); DigitalOcean (DOCN) +19.7%, 5/5 (EPS $0.44 vs. $0.27 est., AI-pivot narrative, Morgan Stanley target raised $75→$175); NetApp (NTAP) +24.1%, 5/29 (EPS $2.43 vs. $2.27, FY27 guide well above Street on AI/cloud data services).
Full data — every 15%+ Technology gap, April 1 – July 13, 2026
Sorted by industry, then market cap. Fwd P/E and P/S are current (not gap-date) snapshots. "Growth driver" is sourced where noted above; unmarked entries reflect fundamentals on file (revenue/EPS growth) and sector context, not an independently confirmed press catalyst.
Semiconductors (25)
| Ticker | Mkt Cap | Price | Gap% | Date | Fwd P/E | P/S | Growth driver |
|---|---|---|---|---|---|---|---|
| MU | $1.11T | $983.12 | +17.6% | 6/25 | 17.2 | 12.3 | HBM sold out for 2026; Q3 beat, triple-digit EPS growth |
| AMD | $894B | $548.13 | +15.3% | 5/6 | 80.1 | 23.9 | Data center rev +57% YoY on EPYC/Instinct; Q2 guide raised |
| INTC | $542B | $107.76 | +23.1% | 4/24 | 104.1 | 10.1 | Q1 beat by wide margin; foundry external revenue inflecting |
| MRVL | $195B | $222.44 | +15.5% | 6/2 | 58.0 | 22.3 | Custom AI ASIC/networking silicon design-win cycle |
| NXPI | $71.7B | $283.87 | +22.2% | 4/29 | 19.5 | 5.7 | Auto/industrial destocking ending; SDV/radar +45% of auto rev |
| UMC | $59.5B | $23.84 | +15.4% | 5/26 | 35.6 | 0.25 | Foundry utilization recovery, mature-node pricing |
| TER | $55.3B | $353.23 | -17.3% | 4/29 | 50.6 | 14.6 | Semi test equipment order softness |
| ON | $36.5B | $93.73 | -17.2% | 6/26 | 32.0 | 6.0 | Guide miss + Synaptics all-stock deal dilution overhang |
| TSEM | $28.6B | $255.49 | +15.0% | 5/13 | 85.4 | 17.6 | Analog/foundry demand beat |
| SITM | $16.5B | $623.83 | +34.0% | 5/7 | 121.3 | 43.3 | Timing-chip AI server design wins; Q1 rev +88% YoY (largely faded after) |
| RMBS | $11.4B | $105.38 | -17.6% | 4/28 | 35.7 | 15.8 | Memory-interface IP royalty guidance miss |
| SIMO | $10.3B | $308.41 | +30.7% | 4/29 | 40.6 | 9.8 | NAND controller/enterprise SSD demand, AI storage buildout |
| MXL | $8.3B | $92.59 | +57.7% | 4/24 | 73.9 | 16.3 | Optical/infra datacenter rev +136% YoY; guide raised, upgrades followed |
| IPGP | $4.5B | $106.48 | -24.2% | 5/5 | 65.6 | 4.3 | Revenue beat but tariff-driven margin collapse to operating loss |
| LASR | $4.0B | $71.48 | +16.3% | 5/8 | 224.2 | 13.9 | Photonics/laser demand, AI optical interconnect |
| VECO | $3.5B | $58.02 | +25.7% | 5/6 | 34.7 | 5.4 | Semicap equipment orders, HBM packaging tools |
| NVTS | $3.2B | $13.09 | +18.5% | 6/3 | N/A | 78.7 | GaN power semis for AI datacenter power delivery |
| HIMX | $2.5B | $14.12 | +25.1% | 5/7 | 62.8 | 3.0 | Display driver IC demand, China consumer recovery |
| AEHR | $2.3B | $72.01 | +16.6% | 7/9 | N/A | 50.0 | Burn-in test equipment tied to AI/SiC chip ramp |
| AMBQ | $2.0B | $85.48 | +16.4% | 5/12 | N/A | 24.9 | Edge AI SoC design wins |
| WOLF | $1.8B | $34.32 | +24.0% | 5/13 | N/A | 2.5 | SiC substrate demand, restructuring progress |
| PLAB | $1.7B | $29.47 | -31.2% | 5/28 | 13.1 | 2.0 | Photomask pricing pressure, China capacity glut |
| POET | $1.2B | $8.81 | -36.6% | 4/27 | N/A | 824.0 | Optical engine commercialization delay/guide miss |
| AOSL | $1.0B | $34.81 | -20.7% | 5/7 | N/A | 1.5 | Power semi demand miss, margin pressure |
| DQ | $801M | $11.84 | -18.0% | 4/29 | N/A | 1.4 | Polysilicon oversupply, solar-semi weakness |
Software - Application (26)
| Ticker | Mkt Cap | Price | Gap% | Date | Fwd P/E | P/S | Growth driver |
|---|---|---|---|---|---|---|---|
| NOW | $108B | $104.85 | -15.4% | 4/23 | 25.2 | 7.7 | Beat on every metric, still worst day ever — Mideast headwind + Armis margin drag |
| DDOG | $96.4B | $270.73 | +30.8% | 5/7 | 126.2 | 26.2 | Revenue +32% YoY, AI monitoring demand, EPS beat |
| SNOW | $95.6B | $275.94 | +35.2% | 5/28 | 154.0 | 19.0 | $6B AWS AI deal + Natoma acquisition + beat/raise |
| INTU | $77.3B | $282.43 | -18.7% | 5/21 | 12.2 | 3.7 | Beat/raised guide, but paired with 17% workforce cut, TurboTax trim |
| TEAM | $23.4B | $89.08 | +20.9% | 5/1 | 18.7 | 3.8 | Revenue +32% YoY, cloud +29%, reversal off -45% YTD base |
| FROG | $11.0B | $91.17 | +16.4% | 5/8 | 101.4 | 19.6 | DevOps/software supply-chain platform beat |
| HUBS | $10.7B | $209.68 | -23.7% | 5/8 | 16.8 | 3.3 | Beat/raised, fell anyway on go-to-market reset fears |
| COMP | $7.1B | $11.68 | +27.8% | 5/6 | 71.4 | 0.85 | Real estate tech platform beat, margin improvement |
| NAVN | $6.2B | $25.80 | +16.2% | 6/11 | 147.3 | 8.1 | Travel/expense platform growth |
| NICE | $6.0B | $102.28 | -15.1% | 5/6 | 9.3 | 2.0 | Contact-center AI platform guidance miss |
| GBTG | $4.9B | $9.41 | +57.0% | 5/4 | 57.7 | 1.7 | Corporate travel volume recovery, beat |
| MNDY | $4.2B | $81.84 | +18.7% | 5/11 | 20.4 | 3.2 | Revenue +24% YoY, record op income, AI Work Platform launch |
| STUB | $3.7B | $10.67 | +18.4% | 5/14 | 32.4 | 2.1 | Live-events ticket resale volume growth |
| FSLY | $3.3B | $20.90 | -27.8% | 5/7 | 78.4 | 5.0 | Edge cloud demand miss, guidance cut |
| AGYS | $2.9B | $104.26 | +29.9% | 5/19 | 48.4 | 9.2 | Hospitality SaaS booking growth, beat |
| FRSH | $2.9B | $10.47 | -17.2% | 5/6 | 18.4 | 3.3 | Customer-engagement SaaS growth slowdown |
| RUM | $2.6B | $5.99 | +16.1% | 6/18 | N/A | 25.4 | Video platform user/monetization growth |
| NCNO | $1.9B | $17.52 | +22.6% | 4/1 | 14.6 | 3.1 | Banking SaaS platform growth, beat |
| BVC | $1.9B | $11.32 | -25.5% | 6/8 | N/A | 1.2 | Thinly-covered name; move not independently sourced |
| PRCH | $1.5B | $13.75 | +17.6% | 4/29 | N/A | 3.1 | Home-services insurtech platform growth |
| AMPL | $1.3B | $9.69 | -19.4% | 5/7 | 87.9 | 3.6 | Product analytics platform growth slowdown |
| APPS | $1.2B | $9.82 | +34.9% | 5/27 | 15.7 | 2.1 | Mobile app monetization platform growth |
| PD | $1.0B | $10.99 | +25.4% | 5/29 | 8.7 | 2.0 | Incident-response/AIOps platform beat |
| GTM | $890M | $3.02 | -33.8% | 5/12 | 2.7 | 0.71 | Go-to-market data platform growth deceleration |
| KDK | $875M | $4.53 | -34.8% | 5/8 | N/A | 210.5 | Guidance miss on newly-public autonomous-adjacent platform |
| WEAV | $591M | $7.43 | +16.5% | 5/1 | 52.1 | 2.4 | SMB payments/communications platform growth |
Software - Infrastructure (18)
| Ticker | Mkt Cap | Price | Gap% | Date | Fwd P/E | P/S | Growth driver |
|---|---|---|---|---|---|---|---|
| FTNT | $122B | $166.83 | +17.0% | 5/7 | 56.1 | 17.2 | Product rev +40% YoY, billings +31%, FY guide raised |
| NET | $100B | $281.75 | -15.4% | 5/8 | 250.9 | 42.9 | Beat both lines, but Q2 guide a hair light + 20% RIF |
| ZS | $24.6B | $152.09 | -25.7% | 5/27 | 37.9 | 7.7 | Beat, but FCF margin guide slashed + sales-leader exits |
| AKAM | $18.3B | $126.11 | +24.6% | 5/8 | 18.4 | 4.3 | Cloud infra +40% YoY, $1.8B/7-yr frontier-AI cloud deal |
| DOCN | $13.2B | $126.30 | +19.7% | 5/5 | 129.0 | 13.9 | EPS beat, AI-pivot narrative, MS target $75→$175 |
| VRNS | $5.7B | $48.19 | +16.8% | 4/29 | 407.0 | 8.6 | Data security SaaS transition, beat |
| KVYO | $5.2B | $17.51 | -25.7% | 5/6 | 21.2 | 4.0 | Beat/record margin, but CFO exit + soft guide |
| WIX | $2.9B | $52.71 | -26.4% | 5/13 | 8.8 | 1.4 | Rare actual miss; op margin collapsed on AI compute spend |
| STNE | $2.7B | $11.30 | -16.0% | 4/24 | 1.1 | 0.20 | Brazilian fintech/payments platform guidance miss |
| BAND | $2.4B | $75.77 | +27.9% | 4/30 | 44.5 | 3.1 | Cloud communications API platform beat |
| RAMP | $2.3B | $37.94 | +27.4% | 5/18 | 13.2 | 2.8 | Identity resolution/data connectivity platform growth |
| FIVN | $2.0B | $25.58 | +17.3% | 5/1 | 8.0 | 1.7 | Contact-center CX platform beat |
| RXT | $1.2B | $4.65 | +75.3% | 5/7 | N/A | 0.43 | Private cloud/AI hosting turnaround, sharpest gap on the list |
| BLZE | $993M | $16.55 | +60.1% | 5/5 | 991.0 | 6.6 | Cloud backup/storage AI-data growth, beat |
| ODD | $932M | $16.35 | -24.9% | 6/2 | 22.2 | 1.3 | Beauty-tech D2C platform demand miss |
| CGNT | $669M | $9.07 | -19.0% | 6/3 | 19.4 | 1.6 | Security analytics platform demand miss |
| YEXT | $652M | $5.43 | -22.3% | 6/3 | 9.5 | 1.5 | Enterprise search/answers platform growth slowdown |
| BRAI | $643M | $5.80 | +25.5% | 6/17 | N/A | N/A | Thinly-covered name; move not independently sourced |
Hardware, Equipment & Parts (10)
| Ticker | Mkt Cap | Price | Gap% | Date | Fwd P/E | P/S | Growth driver |
|---|---|---|---|---|---|---|---|
| SNDK | $260B | $1,757.82 | +16.9% | 6/25 | 38.5 | 19.7 | NAND pricing supercycle (Gartner: +234% in 2026), FY EPS ~22x |
| GLW | $162B | $187.68 | +16.8% | 5/6 | 59.5 | 9.9 | Optical Comm rev +36% YoY, NVIDIA manufacturing partnership |
| FLEX | $48.5B | $132.24 | +24.3% | 5/6 | 36.2 | 1.7 | AI datacenter/power infra contract manufacturing, beat |
| CLS | $39.7B | $345.03 | -15.6% | 4/28 | 34.4 | 2.9 | AI server margin/supply-chain guidance concerns |
| TTMI | $14.7B | $141.97 | +30.0% | 4/30 | 44.1 | 4.8 | AI/defense PCB demand, beat |
| BMI | $4.1B | $141.46 | -20.3% | 4/17 | 31.5 | 4.6 | Water infrastructure demand miss, guide cut |
| PENG | $4.0B | $77.80 | +15.8% | 5/13 | 35.6 | 2.7 | Memory/compute module beat |
| ALNT | $1.5B | $88.78 | -15.4% | 5/7 | 33.7 | 2.7 | Industrial motion-control demand miss |
| VPG | $1.5B | $110.87 | +26.0% | 5/12 | 140.6 | 4.6 | Precision sensor demand beat |
| MEI | $618M | $17.42 | +17.0% | 6/25 | N/A | 0.61 | Auto/industrial electronics demand beat |
Computer Hardware (6)
| Ticker | Mkt Cap | Price | Gap% | Date | Fwd P/E | P/S | Growth driver |
|---|---|---|---|---|---|---|---|
| DELL | $304B | $457.44 | +31.8% | 5/29 | 35.9 | 2.3 | AI server rev +757% YoY to $16.1B; $51.3B AI backlog; best day ever |
| STX | $197B | $878.31 | +15.4% | 4/29 | 60.2 | 17.9 | Hyperscale nearline HDD demand; EPS $4.10 vs. $3.45 est. |
| NTAP | $34.2B | $174.55 | +24.1% | 5/29 | 20.4 | 4.9 | EPS beat, FY27 guide well above Street on AI/cloud data |
| INFQ | $1.8B | $10.45 | +20.8% | 5/21 | N/A | 191.7 | Quantum computing commercialization speculation |
| QUBT | $1.1B | $8.32 | +24.8% | 5/12 | N/A | 262.0 | Quantum computing sector speculation/momentum |
| RCAT | $948M | $8.79 | +16.3% | 5/28 | 79.9 | 31.6 | Defense drone contract wins |
Information Technology Services (6)
| Ticker | Mkt Cap | Price | Gap% | Date | Fwd P/E | P/S | Growth driver |
|---|---|---|---|---|---|---|---|
| ACN | $82.3B | $134.56 | -18.9% | 6/18 | 9.7 | 1.1 | Worst day on record; bookings -2% YoY, guide narrowed |
| SAIC | $4.8B | $113.92 | +15.4% | 6/1 | 11.8 | 0.66 | Government IT/defense contract wins, beat |
| INOD | $2.2B | $67.14 | +59.8% | 5/8 | 82.0 | 7.7 | AI data-engineering/labeling demand surge, beat |
| VNET | $2.2B | $7.75 | +22.5% | 5/13 | 30.1 | 0.21 | China AI datacenter capacity expansion |
| DXC | $1.5B | $9.16 | -16.6% | 5/8 | 2.8 | 0.12 | Legacy IT services revenue decline, guide cut |
| CNXC | $1.4B | $23.57 | -20.7% | 6/30 | 2.0 | 0.14 | CX outsourcing demand miss |
Communication Equipment (5)
| Ticker | Mkt Cap | Price | Gap% | Date | Fwd P/E | P/S | Growth driver |
|---|---|---|---|---|---|---|---|
| CSCO | $462B | $117.09 | +15.4% | 5/14 | 28.2 | 7.6 | AI infra orders to $9B FY target from $5B; guide raised |
| HPE | $65.6B | $49.56 | +34.2% | 6/2 | 20.6 | 1.7 | Networking (Juniper) rev +148%; AI orders/backlog ~2x YoY |
| VIAV | $10.3B | $41.85 | +31.8% | 4/30 | 49.4 | 7.6 | Optical test equipment, AI datacenter buildout demand |
| PI | $4.4B | $144.60 | +29.1% | 4/30 | 85.5 | 12.2 | RAIN RFID demand recovery, beat |
| GILT | $901M | $11.94 | -18.6% | 5/13 | 23.9 | 1.9 | Satellite/defense communications guidance miss |
Electronic Gaming & Multimedia (3)
| Ticker | Mkt Cap | Price | Gap% | Date | Fwd P/E | P/S | Growth driver |
|---|---|---|---|---|---|---|---|
| RBLX | $39.0B | $54.47 | -23.3% | 5/1 | N/A | 7.4 | FY26 bookings guide cut to 8-12% from 22-26% on safety rules |
| MGRT | $1.1B | $77.89 | -16.5% | 4/2 | N/A | N/A | Thinly-covered name; move not independently sourced |
| DDI | $561M | $11.33 | +17.0% | 4/28 | 4.9 | 1.5 | Mobile casual-gaming revenue growth, beat |
Consumer Electronics (2)
| Ticker | Mkt Cap | Price | Gap% | Date | Fwd P/E | P/S | Growth driver |
|---|---|---|---|---|---|---|---|
| NXT | $15.9B | $104.66 | +19.0% | 5/13 | 22.4 | 4.5 | Revenue +18% YoY; catalyst not independently sourced |
| LPL | $3.5B | $3.51 | -16.8% | 4/23 | 0.01 | 0.0001 | Display panel pricing weakness |
Software - Services (1)
| Ticker | Mkt Cap | Price | Gap% | Date | Fwd P/E | P/S | Growth driver |
|---|---|---|---|---|---|---|---|
| NTSK | $5.8B | $14.27 | -22.6% | 6/4 | N/A | 7.7 | Cloud security SASE platform demand miss |
Bottom line
- This was an AI-capex earnings season, not a Technology rally. Half the gaps in the entire sector sit in just two industries — Semiconductors and Software-Application — and nearly every large-cap mover traces back to the same three-word thesis: AI infrastructure demand.
- A beat was not protection. ServiceNow, Cloudflare, Zscaler, HubSpot, Intuit, and Klaviyo all beat estimates and still gapped down double digits — margin guidance, headcount actions, and leadership changes did more damage than the headline miss would have. Read the guide, not the beat.
- The memory/NAND/HBM trio (MU, SNDK, and the broader storage chain — STX, NTAP) was the highest-conviction, best-sourced theme of the window — sold-out capacity and triple-digit pricing inflation are structural, not just sentiment.
- Rackspace (+75.3%) and Backblaze (+60.1%) were the two most extreme percentage moves on the list, both small/mid-cap infrastructure names catching a turnaround-narrative beat — worth flagging as the highest-volatility, lowest-liquidity tail of this dataset.