XLK · WMTMT

Aug 17, 2021Nov 16, 2022Feb 22, 2024May 21, 2025Aug 25, 2026

Breadth

58 / 73

stocks rose with the index

Concentration

100%+

of the gain from NVDA, AAPL, AVGO

Biggest driver

NVDA +33.15

NVIDIA CORP, +998.66%

Biggest drag

ADBE −4.27

ADOBE INC, −56.86%

What drove it

73 members · drivers first · 5Y · residual 10863.1bp exceeds 60bp gate

The XLK rose 17.73% (+27.38 pts) over five years, and more than all of that gain came from just three stocks: NVDA, AAPL, AVGO.

Read the latest market-close note: Nvidia and Goldman Sachs Lead a Narrow Advance as Energy and Staples Slide

+188.9 pts from 56 gainers−9.2 pts from 17 losers

net +27.4 pts · gainers outweigh losers 20.6 to 1

Stock

Points

Return

XLKsum of all 73 stocks

+27.4

+17.73%

NVDANVIDIA CORP

+33.1

+998.66%

AAPLAPPLE INC

+29.4

+111.35%

AVGOBROADCOM INC

+15.0

+718.63%

MSFTMICROSOFT CORP

+12.9

+74.84%

PLTRPALANTIR TECHNOLOGIES INC A

+9.8

+620.61%

MUMICRON TECHNOLOGY INC

+8.8

+1,251.75%

AMDADVANCED MICRO DEVICES

+7.6

+345.50%

LRCXLAM RESEARCH CORP

+6.1

+472.23%

AMATAPPLIED MATERIALS INC

+5.6

+288.79%

IBMINTL BUSINESS MACHINES CORP

+5.6

+107.05%

PANWPALO ALTO NETWORKS INC

+4.6

+457.56%

KLACKLA CORP

+4.0

+495.99%

CSCOCISCO SYSTEMS INC

+3.6

+127.39%

APHAMPHENOL CORP CL A

+3.5

+349.63%

ANETARISTA NETWORKS INC

+3.1

+737.89%

43 othersclick to expand the full index

+36.0

AKAMAKAMAI TECHNOLOGIES INC

−0.1

−8.00%

SMCISUPER MICRO COMPUTER INC

−0.1

+951.68%

ITGARTNER INC

−0.1

−36.83%

CDWCDW CORP/DE

−0.1

−22.85%

TRMBTRIMBLE INC

−0.1

−32.92%

ROPROPER TECHNOLOGIES INC

−0.2

−12.40%

TYLTYLER TECHNOLOGIES INC

−0.2

−25.87%

SWKSSKYWORKS SOLUTIONS INC

−0.2

−57.69%

ZBRAZEBRA TECHNOLOGIES CORP CL A

−0.4

−35.93%

WDAYWORKDAY INC CLASS A

−0.5

−15.97%

ACNACCENTURE PLC CL A

−0.6

−38.26%

ADSKAUTODESK INC

−0.6

−22.63%

INTUINTUIT INC

−0.8

−31.09%

CRMSALESFORCE INC

−0.8

−15.25%

ADBEADOBE INC

−4.3

−56.86%

Cap weighting, illustrated

NVIDIA CORP and SUPER MICRO COMPUTER INC moved almost identically (+998.66% vs +951.68%), yet NVDA moved the XLK 464.0× as much. In a cap-weighted index, the bigger company's weight turns the same percentage move into far more points.

Attribution map

slicing the +27.38 pt move · cell size = points contributed · color = direction, intensity = return

NVDA+33.1 pts(+998.7%)

AAPL+29.4 pts(+111.3%)

AVGO+15.0 pts(+718.6%)

MSFT+12.9 pts(+74.8%)

PLTR+9.8 pts(+620.6%)

MU+8.8 pts(+1,251.8%)

AMD+7.6 pts(+345.5%)

LRCX+6.1 pts(+472.2%)

AMAT+5.6 pts(+288.8%)

IBM+5.6 pts(+107.0%)

PANW+4.6 pts

ADBE−4.3 pts

KLAC+4.0 pts(+496.0%)

CSCO+3.6 pts(+127.4%)

APH+3.5 pts(+349.6%)

ANET+3.1 pts

SNDK+2.9 pts

ADI

STX

TXN

MRVL

WDC

CRWD+2.3 pts

DELL

ORCL

GLW

LITE

INTU

ACN

Concentration curve

cumulative share of the +27.38 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−100%+100%+300%+500%+700%+900%+1,100%+1,300%+1,500%+1,700%+1,900%+2,100%+2,300%+2,500%+2,700%+2,900%

From −57.69% (SWKS) to +2,946.85% (SNDK). Equal-weight, the XLK would be +225.45% vs the actual +17.73%; the gap is what cap weighting did.

By sector

point contribution · sums to +27.38 pts

-73

+179.7

The year, session by session

every trading day of 2026 · hover for the move

JANFEBMARAPRMAYJUNJULAUG

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What drove it

Attribution map

Concentration curve

When they drove it

Breadth

By sector

The year, session by session

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