As tech leads, which stocks have outperformed since April 8 rout?

Yahoo

2 days ago

Tech is back in the driver's seat, with the sector reigniting the flames across the market indexes (^DJI, ^IXIC, ^GSPC) since their April 8 lows on the rollout of President Trump's "Liberation Day" tariffs.
Yahoo Finance markets and data editor Jared Blikre — who also hosts the Stocks In Translation podcast — breaks down the top gainers, from Nvidia's (NVDA) $1 trillion surge to surprise winners like Oracle (ORCL) and Seagate Technology (STX), to some of the biggest losers in that period.
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The Nasdaq is up an eye-watering 26% from the April 8th market bottom, with large-cap tech gaining over 30%, chips and AI plays dominate the winners. But guess what? There are some surprises in the mix. I'm Jared Blikre, host of Stocks and Translation. First, a quick setup on these charts. We're showing three time periods, all related to Trump and the markets. White bars at the left show the election-to-inauguration period. Green bars track from inauguration to April 8th. That was the market low. And then the blue bars, they tell the story from that April 8th low through right now. And that's where we're focused. So behind me are the biggest market cap gainers led by Nvidia's blue bar run of over $1 trillion. This week, it reclaimed the title of world's most valuable company thanks to the unrelenting AI boom. By the way, it just lost that title to Microsoft, again. The winners are the usual mega-cap suspects, but don't miss out on Oracle and Netflix at the far right. Both quietly adding over $100 billion each. Oracle is cashing in as the AI landlord, while Netflix, the stealth Fang member, remember them? It just hit a record high this week on analyst upgrades. And let's also pause for Tesla, the ultimate story arc here. A huge run-up post-election, a devastating collapse into the April 8th low, and just this week, a one-day, $150 billion plunge, courtesy of that Musk-Trump dust-up. Now, let's talk about the best stock returns since April 8th. So returns instead of market cap. And at the far right on the top, it is storage chip giant Seagate. It is up an impressive 92% thanks to its signature drives feeding the data-hungry AI servers. But this isn't just a tech story. Look at the industrial and power trio here: GE Vernova Energy, Energy, and Vistra, all up over 65%. Data centers need power, and these utilities are supplying the megawatts. Also, the industrial sector, by the way, just hit a record high this week, showing that the rally is broadening out just beyond the chip stocks. Now, let's take a look at the flip side and see who's getting crushed since that April 8th bottom. Healthcare is definitely in the doghouse, led by UnitedHealth. A Medicare fraud probe and CEO exit erased nearly half of its value, $238 billion in market cap gone recently. And then you have Fastenal. A surprise 95% winner post-election has given back over 40% of those gains with industrial demand weakening. And then there's Enphase, the residential solar darling now down 36% on weak sales. Also note Brown-Forman, yes, that's Jack Daniels whiskey. It is down 22% on dismal earnings. And then there's Regeneron, slipping 18% on drug pipeline worries. So here's the bottom line: since April 8th, AI and chip stocks definitely leading the way. No surprise there, but don't miss the new kids on the block. We got the power producers supplying the AI energy boom, and meanwhile, the market's old guard, that would be healthcare, solar, industrial suppliers, it is stuck in the mud. New economy versus old, and right now the new economy is winning. But how long can that last? Stay tuned.