XLK · WMTMT

Feb 24Apr 10May 26Jul 13Aug 25

Breadth

60 / 73

stocks rose with the index

Concentration

29%

of the gain from MSFT, MU, AMD

Biggest driver

MSFT +4.26

MICROSOFT CORP, +26.68%

Biggest drag

GLW −0.31

CORNING INC, −2.58%

What drove it

73 members · drivers first · 6M · residual 31.8bp within 60bp gate

The XLK rose 29.55% (+41.46 pts) over the past six months in a broad advance: 60 of 73 stocks rose, with MSFT out front at +4.26 points.

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

+42.1 pts from 56 gainers−1.0 pts from 17 losers

net +41.5 pts · gainers outweigh losers 41.3 to 1

Stock

Points

Return

XLKsum of all 73 stocks

+41.5

+29.55%

MSFTMICROSOFT CORP

+4.3

+26.68%

MUMICRON TECHNOLOGY INC

+4.0

+123.30%

AMDADVANCED MICRO DEVICES

+3.9

+124.08%

AAPLAPPLE INC

+2.9

+13.98%

NVDANVIDIA CORP

+2.8

+10.61%

INTCINTEL CORP

+2.7

+89.68%

PANWPALO ALTO NETWORKS INC

+2.0

+139.92%

MRVLMARVELL TECHNOLOGY INC

+1.7

+206.79%

SNDKSANDISK CORP

+1.6

+131.91%

CSCOCISCO SYSTEMS INC

+1.4

+42.95%

CRWDCROWDSTRIKE HOLDINGS INC A

+1.3

+111.71%

PLTRPALANTIR TECHNOLOGIES INC A

+1.3

+34.07%

STXSEAGATE TECHNOLOGY HOLDINGS

+1.2

+108.01%

DELLDELL TECHNOLOGIES C

+1.1

+277.85%

AVGOBROADCOM INC

+1.0

+10.00%

43 othersclick to expand the full index

+8.9

ONON SEMICONDUCTOR

−0.0

+3.54%

KEYSKEYSIGHT TECHNOLOGIES IN

−0.0

+6.23%

FICOFAIR ISAAC CORP

−0.0

−7.38%

ADIANALOG DEVICES INC

−0.0

+5.55%

TRMBTRIMBLE INC

−0.0

−10.95%

COHRCOHERENT CORP

−0.0

+13.16%

MCHPMICROCHIP TECHNOLOGY INC

−0.0

−2.73%

NXPINXP SEMICONDUCTORS NV

−0.1

−3.39%

ACNACCENTURE PLC CL A

−0.1

−4.14%

TDYTELEDYNE TECHNOLOGIES INC

−0.1

−8.23%

FSLRFIRST SOLAR INC

−0.1

−14.96%

SNPSSYNOPSYS INC

−0.1

−7.24%

CIENCIENA CORP

−0.1

+13.18%

TELTE CONNECTIVITY PLC

−0.1

−16.24%

GLWCORNING INC

−0.3

−2.58%

Cap weighting, illustrated

NVIDIA CORP and SKYWORKS SOLUTIONS INC moved almost identically (+10.61% vs +10.62%), yet NVDA moved the XLK 280.9× 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 +41.46 pt move · cell size = points contributed · color = direction, intensity = return

MSFT+4.3 pts(+26.7%)

MU+4.0 pts(+123.3%)

AMD+3.9 pts(+124.1%)

AAPL+2.9 pts(+14.0%)

NVDA+2.8 pts(+10.6%)

INTC+2.7 pts(+89.7%)

PANW+2.0 pts(+139.9%)

MRVL+1.7 pts(+206.8%)

SNDK+1.6 pts(+131.9%)

CSCO+1.4 pts(+42.9%)

CRWD+1.3 pts

PLTR+1.3 pts

STX+1.2 pts

DELL+1.1 pts(+277.8%)

AVGO+1.0 pts(+10.0%)

LRCX+0.9 pts

WDC

AMAT+0.8 pts(+27.2%)

ANET+0.8 pts(+48.3%)

FTNT

HPE+0.5 pts

TXN+0.5 pts

KLAC

NOW

QCOM

CRM

NTAP

Concentration curve

cumulative share of the +41.46 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−50%+50%+150%+250%

From −16.24% (TEL) to +277.85% (DELL). Equal-weight, the XLK would be +40.66% vs the actual +29.55%; the gap is what cap weighting did.

By sector

point contribution · sums to +41.46 pts

-73

+41.1

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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