Key Points
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The Nasdaq 100 Index has been a winner, up 23.12% in the last year, riding the AI boom.
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But not every stock in the index has been a winner, with the worst performer losing nearly 48% in the last year.
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Analysts still like some of these low performers, so they could be “buy the dip” opportunities.
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Analysts have been lauding Nasdaq stocks for their strong performance in the past few years, but the outperformance is far from universal. The Nasdaq 100 (which the QQQ tracks) has been one of the biggest winners, up 23.12% for the last year (as of Jan. 13). The index tilts heavily towards technology stocks and has been a big beneficiary of the AI boom.
At the same time, several stocks have dampened the enthusiasm. You’ll always find laggards in the stock market, regardless of the environment, and this time is no different. This doesn’t mean that all of the stocks that have performed badly against the Nasdaq are bad bets.
In fact, some of them can be very good “buy the dip” opportunities. The Nasdaq 100 features well-established companies that have ample firepower to mount a recovery in the coming quarters.
Here are the 10 worst-performing stocks in the Nasdaq 100.
#10 Fortinet Inc. (FTNT)
Fortinet offers networking security solutions. The stock dropped 17.15% in the last year. While the stock has struggled, the company’s strategic partnerships with Nvidia and Arista have caused some analysts to rate it a buy.
Fortinet has a market cap of $58.719 billion, and share price of $76.57.
#9 Thomson Reuters Corp. (TRI)
The multinational content-driven technology conglomerate recently hit a 52-week low and Wells Fargo lowered its price target. TRI is down 18.37% in the last year.
The company has a market cap of $57.214 billion, and share price of $126.80.
#8 Workday Inc. (WDAY)
Workday provides enterprise AI platforms for managing human resources and finance. The stock is down 21.23% in the last year.
The company has a market cap of $51.745 billion, and share price of $193.24.
#7 Adobe Inc. (ADBE)
Adobe, down 24.13% in the last year, sells creative and digital-media software (like Photoshop and Acrobat) and related cloud services. Why ADBE is down: AI is making do-it-yourself video and image editing easier than ever, and this is weighing in on Adobe’s business model. The company no longer has as much pricing power on its manual editing software, though AI integration has kept it afloat.
The company has a market cap of $131.464 billion, and share price of $309.82.
#6 Copart Inc. (CPRT)
Copart runs online automotive-salvage auctions and related services for insurers, dealers, and dismantlers. Its stock has declined 28.33% in the one-year period. CPRT shares are sliding as the salvage/auto-auction backdrop softened and sentiment turned after a modest revenue miss despite solid EPS. There are also insider selling headlines.
The company has a market cap of $38.595 billion, and share price of $39.87.
#5 Marvell Technology Inc. (MRVL)
Marvell Technology is down 30.76% in the last year. The stock has struggled but is getting a second look from analysts after its decision to acquire XConn Technologies, which specializes in AI computing data centers.
The company has a market cap of $68.77 billion, and share price of $79.79.
#4 PayPal Holdings Inc. (PYPL)
This global digital payments platform for online checkout, merchant services, and peer-to-peer payments is down 32.68% in the last year. The stock has been trading sideways and has had multiple ups and downs due to skepticism about reaccelerating growth. PayPal is seeing take-rate/margin pressures and the lack of a clear inflection. Guidance and mixed Wall Street ratings led to a wait-and-see stance, so shares drifted lower.
The company has a market cap of $54.022 billion, and share price of $56.49.
#3 Charter Communications Inc. (CHTR)
Charter provides broadband and video services under the Spectrum brand and has faced intensifying competition in internet access. CHTR is down 41.42% in the last year. Profit and revenue trends weakened as broadband subscriber losses continued. There’s plenty of pressure from fiber and fixed-wireless rivals. Analysts downgraded the stock after Q3 results that showed revenue and EBITDA erosion.
The company has a market cap of $27.03 billion, and share price of $197.89.
#2 Atlassian Corp. (TEAM)
Atlassian makes collaboration and workflow software used by product and engineering teams. Its stock is down 41.63% in one year. Why TEAM is down: Several price-target cuts and a tense analyst sentiment took down the stock. Many investors are contemplating whether or not paying a premium for TEAM stock is worth it while revenue is decelerating.
The company has a market cap of $36.297 billion, and share price of $137.89.
#1 Strategy Inc. (MSTR)
Some analysts thought Strategy, formerly known as MicroStrategy, could be dropped from the Nasdaq 100 in 2025, but it remains. MSTR was down 47.69% in the last year. The company provides business intelligence and mobile software, but has derived much of its value from its large bitcoin holdings.
The company has a market cap of $51.787 billion, and share price of $178.89.
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