Weekly Tech Stock Recap: NVIDIA surges, Tesla plunges!

LB Select
2024.03.11 05:36

Last week, the market experienced volatility and differentiation, with tech giants in the Hong Kong and US stock markets performing poorly.

Specifically, among the leading tech companies in the Hong Kong stock market, only Kuaishou-W and JD saw gains for the week, with cumulative increases of 4.6% and 2.3% respectively. BIDU-SW and Meituan both dropped by over 4%, NetEase by over 3%, BABA-SWR and Tencent by over 2%, and Xiaomi by nearly 2%.

The seven tech giants in the US stock market also faced challenges, with only NVIDIA soaring by 6.4% for the week. Meta saw a slight increase, while Tesla led the decline with a cumulative drop of over 13%, and Apple also experienced a significant 5% decrease.

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