Tech Stocks Hold Steady as Healthcare Stocks Extend Losses

Published: May 14, 2025 by Omor IE

Key Points

Tech stocks have held up today, with AMD and SMCI surging.
The broader stock market is still flat due to healthcare stocks declining.
Many individual stocks have made big moves since this is earnings season.
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The stock market as a whole hasn’t made any sharp moves today, but this is mostly because gains from the tech sector have been offset by healthcare-related bearishness. President Donald Trump’s executive order aimed at reducing drug costs is mostly why healthcare stocks have extended their losses today.

In the meantime, certain tech companies have rallied more, especially those related to AI. With the exception of Amazon (NASDAQ: AMZN), the Magnificent Seven stocks are all up slightly at the moment.

Here’s a market update as of 10:50 AM (ET) today.

The S&P 500 is up 2.74 points, or 0.04%.
The Nasdaq Composite is up 94.44 points, or 0.5%.
The Dow Jones Industrial Average is up 54.48 points, or 0.13%.

Tech Stocks Gain

Super Micro Computer (NASDAQ: SMCI) is up 14.7% after Raymond James put a $41 price target on the stock and tagged it with an “Outperform” rating.
Advanced Micro Devices (NASDAQ: AMD) is up 6.2% today. Chip companies are seeing tailwinds from President Donald Trump’s Middle East tour. Saudi Arabia is expected to get wider access to advanced AI chips. Plus, AMD itself has announced a $6 billion share buyback authorization.

Not all tech stocks have gained significantly, though. Intel (NASDAQ: INTC) is down 4.1% due to layoffs and Citi analysts saying that Arm is eating into the company’s market share.

Notable Gainers Today

Septerna (NASDAQ: SEPN) is up 48.4% after Novo Nordisk (NYSE: NVO) signed a $2.2 billion deal with it.
Everus Construction Group (NYSE: ECG) is up 21.6% after reporting Q1 earnings. It posted $826.6 million in revenue, up 32.1%. Backlog also grew 40.5% to $3.1 billion.
Nutex Health (NASDAQ: NUTX) is up 21.3% after it exceeded Q1 earnings expectations. It reported $2.56 in EPS, up from a loss of $0.08 per share. Revenue also grew 213.8% year-over-year to $211.8 million.
Exelixis (NASDAQ: EXEL) is up 18.8% after Q1 earnings results. EPS came in at $0.62 vs. the $0.42 consensus.
Oklo (NYSE: OKLO) is up 13.4% after solid Q1 earnings.

Notable Losers Today

Next Technology Holding (NASDAQ: NXTT) is down 26.7%. It is undoing gains after surging late last week on the news of its Bitcoin holdings.
Endava (NYSE: DAVA) is down 26.4%. Earnings slightly beat estimates, but revenue fell short of analyst expectations. It also lowered its full-year guidance.
Grail (NASDAQ: GRAL) is down 21% after Q1 earnings. Revenue grew, but the company is still making losses.
Exodus Movement (NYSEAMERICAN: EXOD) is down 16.2% and is extending losses after a disappointing Q1 report. It missed EPS estimates by 47.53% and revenue estimates by 2.18%.
Global-E Online (NASDAQ: GLBE) is down 14.7%. The guidance here fell short of analyst expectations. It sees Q2 revenue at $204 million to $211 million, and it is below the analyst consensus of $212.3 million.