Wall Street: Technologiesektor unter Druck: Gute Ergebnisse nicht ausreichend

While the Dow Jones and S&P 500 continue their march toward new record highs, the technology sector is once again facing pressure. The mantra now is that strong results are no longer enough, and underperformers will face harsh penalties. This is particularly evident in the software and semiconductor sectors. Companies such as AppLovin, HubSpot, Figma, SanDisk, and Western Digital released mostly solid quarterly numbers.

However, they either missed extraordinarily high expectations or disappointed with the outlook. Even the design software company Figma, which boosted revenue, profit, and forecasts, is under pressure. The reason is that the operating margin did not rise further despite strong development. Software company HubSpot is being massively sold off after a cautious outlook and numerous downgrades by analysts, while technology company AppLovin must endure significant price declines despite mostly confirmed buy recommendations.

Meanwhile, weakness in the memory sector is weighing on the entire AI complex, even though SanDisk and Western Digital managed to increase both sales and profits. eBay, Expedia, MercadoLibre, DoorDash, Block, and Duolingo, on the other hand, stand out positively with mostly strong numbers. Eli Lilly and Shopify, on the other hand, are supported by several analysts with higher price targets.

At the macro level, today the focus is on initial unemployment benefit applications and productivity data. Geopolitically, markets await concrete details on the agreement between Iran and Oman regarding the Strait of Hormuz.