Market Update: Marvell Technology Shines While Tesla Struggles
Marvell Technology Surges, Leaving Tesla in the Red
In early trading on Monday, shares of Marvell Technology led the Nasdaq 100 with a notable increase of 2.3%. This performance boosts Marvell’s year-to-date gain to 35.5%, reflecting strong demand in the technology sector.
In contrast, Tesla is currently the weakest performer in the Nasdaq 100, with shares down 1.5%. Over the course of the year, Tesla has declined approximately 12.5%, illustrating some challenges the company faces in maintaining investor confidence.
Other notable movements today include Analog Devices, which is experiencing a drop of 1.3%, while Fortinet is enjoying a gain of 2.1%. These adjustments highlight the ever-changing landscape within the technology industry.
VIDEO: Nasdaq 100 Movers: TSLA, MRVL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
