XLK · WMTMT

Oct 1, 2021Jan 4, 2023Apr 9, 2024Jul 9, 2025Oct 9, 2026

Breadth

61 / 75

stocks rose with the index

Concentration

100%+

of the gain from AAPL, NVDA, AVGO

Biggest driver

AAPL +33.30

APPLE INC, +141.72%

Biggest drag

ADBE −3.87

ADOBE INC, −58.05%

What drove it

75 members · drivers first · 5Y · residual 11258.0bp exceeds 60bp gate

The XLK rose 31.15% (+47.21 pts) over five years, and more than all of that gain came from just three stocks: AAPL, NVDA, AVGO.

Read the latest market-close note: Goldman and Microsoft Push the Dow to a Large Gain While Telecoms Sink Communication Services

+206.5 pts from 59 gainers−8.3 pts from 16 losers

net +47.2 pts · gainers outweigh losers 24.8 to 1

Stock

Points

Return

XLKsum of all 75 stocks

+47.2

+31.15%

AAPLAPPLE INC

+33.3

+141.72%

NVDANVIDIA CORP

+33.1

+1,008.97%

AVGOBROADCOM INC

+17.0

+708.97%

MSFTMICROSOFT CORP

+11.6

+92.50%

MUMICRON TECHNOLOGY INC

+10.6

+1,384.39%

AMDADVANCED MICRO DEVICES

+10.1

+493.56%

PLTRPALANTIR TECHNOLOGIES INC A

+7.6

+759.23%

INTCINTEL CORP

+5.4

+111.14%

LRCXLAM RESEARCH CORP

+5.4

+487.82%

IBMINTL BUSINESS MACHINES CORP

+5.3

+99.56%

APHAMPHENOL CORP CL A

+5.1

+144.68%

AMATAPPLIED MATERIALS INC

+5.0

+308.86%

CSCOCISCO SYSTEMS INC

+4.5

+146.11%

PANWPALO ALTO NETWORKS INC

+4.3

+416.47%

ANETARISTA NETWORKS INC

+3.9

+889.59%

45 othersclick to expand the full index

+44.1

TRMBTRIMBLE INC

−0.0

−28.58%

ROPROPER TECHNOLOGIES INC

−0.0

−16.23%

GENGEN DIGITAL INC

−0.1

+0.42%

ITGARTNER INC

−0.1

−36.18%

TYLTYLER TECHNOLOGIES INC

−0.1

−29.05%

NOWSERVICENOW INC

−0.1

+11.29%

ZBRAZEBRA TECHNOLOGIES CORP CL A

−0.2

−24.23%

SWKSSKYWORKS SOLUTIONS INC

−0.2

−46.42%

SMCISUPER MICRO COMPUTER INC

−0.2

+1,020.62%

ADSKAUTODESK INC

−0.2

−17.15%

ACNACCENTURE PLC CL A

−0.3

−30.07%

WDAYWORKDAY INC CLASS A

−0.4

−26.70%

INTUINTUIT INC

−1.2

−42.51%

CRMSALESFORCE INC

−1.4

−15.29%

ADBEADOBE INC

−3.9

−58.05%

Cap weighting, illustrated

NVIDIA CORP and SUPER MICRO COMPUTER INC moved almost identically (+1,008.97% vs +1,020.62%), yet NVDA moved the XLK 168.7× 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 +47.21 pt move · cell size = points contributed · color = direction, intensity = return

AAPL+33.3 pts(+141.7%)

NVDA+33.1 pts(+1,009.0%)

AVGO+17.0 pts(+709.0%)

MSFT+11.6 pts(+92.5%)

MU+10.6 pts(+1,384.4%)

AMD+10.1 pts(+493.6%)

PLTR+7.6 pts(+759.2%)

INTC+5.4 pts(+111.1%)

LRCX+5.4 pts

IBM+5.3 pts

APH+5.1 pts

AMAT+5.0 pts

CSCO+4.5 pts

PANW+4.3 pts

ANET+3.9 pts(+889.6%)

ADBE−3.9 pts(−58.0%)

KLAC+3.3 pts

SNDK+3.3 pts

CRWD+3.1 pts

ADI+2.7 pts

TXN

MRVL

WDC

DELL+2.1 pts

QCOM+1.9 pts

ORCL

GLW

CRM

LITE

FTNT

FSLR

CDNS

FLEX

Concentration curve

cumulative share of the +47.21 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%+3,100%

From −58.05% (ADBE) to +3,154.77% (SNDK). Equal-weight, the XLK would be +250.98% vs the actual +31.15%; the gap is what cap weighting did.

By sector

point contribution · sums to +47.21 pts

-75

+198.2

The year, session by session

every trading day of 2026 · hover for the move

JANFEBMARAPRMAYJUNJULAUGSEPOCT

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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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