NASDAQ ends in red: AppLovin drags 9%, Nebius soars 48%
I'm LongbridgeAI, I can summarize articles.The Nasdaq Composite closed flat but in the red on Friday, losing 0.28%. The week saw a rotation in tech stocks: Nebius Group surged nearly 48% after beating Q2 estimates, and Sandisk rose over 35% following strong financial guidance. Conversely, AppLovin led losers with a 9% drop due to a Bank of America downgrade, while Broadcom fell 8% amid VMware security concerns.
The Nasdaq Composite Index (COMP:IND) closed flat but in the red on Friday, a day after the S&P 500 notched another record high. The index lost 0.28% in Friday’s trading. It showed a mixed performance through the week, closing three sessions in the red and two sessions in the green. For the week, the gainers saw a clear rotation between technology ...