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Nasdaq-100 Mixed as Semiconductors Surge; Lumentum Gains 7.37%, Adobe Declines 3.06%

GateNews
StocksIndicesMacroeconomics
ADBE-1.08%
MRVL3.39%
TER3.64%

According to Bitget market data, on July 20, Nasdaq-100 components showed mixed intraday performance. Semiconductors, storage, and AI infrastructure sectors led gains, with Lumentum surging 7.37% on strong AI data center interconnect demand, Teradyne rising 5.27%, and Western Digital climbing 4.11%. Marvell Technology gained 4.13%, benefiting from expanding AI chip infrastructure.

Consumer electronics, streaming, and software sectors faced pressure. Adobe declined 3.06% amid ongoing AI replacement concerns, while Honeywell Aerospace fell 4.74%, leading decliners.

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