Software Stocks Surge as Nasdaq Slips 4.6% — MSFT, NVDA in Focus

Today's AI insights from 7horns.ai: During a volatile week where the Nasdaq Composite fell 4.6% to 25,298, enterprise software giants surged, with ServiceNow rising 9.85% and Microsoft gaining 5.71%, while Nvidia dropped 1.64%. This dramatic sector rotation offers crucial trading insights for investors tracking the latest financial news, especially as ON Semiconductor plunged 23.66%. Ultimately, our AI market intelligence delivers a bullish market outlook, providing a data-driven investing framework for this stock market analysis as our AI-powered analysis predicts an imminent tech-sector rebound. AI insights powered by 7horns.ai. Visit 7horns.ai for your free daily AI market analysis.

You are listening to Seven Horns A I — your A I-powered market update. Today is Sunday, June twenty-eighth, twenty twenty-six, and we are looking back at a resilient yet highly rotational week on Wall Street, while setting the stage for the upcoming week. On Friday, the major averages finished essentially flat. The S&P five hundred edged down point zero five percent to close at seventy-three hundred fifty-four. The Dow Jones Industrial Average slipped point zero nine percent to fifty-one thousand eight hundred seventy-six, while the Nasdaq Composite fell point two four percent to twenty-five thousand two hundred ninety-eight. Though the closing numbers suggest a quiet day, Friday actually saw a strong intraday recovery. Driven by tech concerns, the S&P opened point seven five percent lower and the Nasdaq fell one point two five percent early on, but buyers stepped in to buy the dip, erasing most of the intraday losses by the closing bell. For the week, however, the Nasdaq was down roughly four point six percent, marking its largest weekly decline since March twenty twenty-five. Enterprise software names were the major story of the day, with ServiceNow rising nine point eight five percent, Snowflake gaining nine point six five percent, and Workday up nine point one eight percent. Meanwhile, O N Semiconductor fell twenty-three point six six percent due to acquisition dilution fears. Within mega-caps, Microsoft surged five point seven one percent and Apple gained three point one four percent, while Nvidia dropped one point six four percent. Additionally, SpaceX closed the week at one hundred fifty-three dollars and twenty-three cents, down from its June sixteenth peak of two hundred twenty-five dollars and sixty-four cents, but still above its one hundred thirty-five dollar IPO price. In weekend news, geopolitical tensions escalated after a tanker was struck in the Strait of Hormuz on June twenty-seventh, though a U S-Iran peace agreement has helped mitigate energy risk premiums. Looking ahead to Monday's open, Sunday evening futures show a split market. Nasdaq futures are down one point two percent, reflecting ongoing tech anxiety, while S&P five hundred futures are down a modest zero point two nine percent and Dow futures are completely flat. Gold futures have caught a safe-haven bid, rising one point two percent to four thousand ninety-six dollars and thirty cents, while crude oil has tumbled three point seven four percent to sixty-nine dollars and twenty-three cents. Interestingly, our A I model is calling a bottom on this tech pullback. The Nasdaq-one hundred E T F proxy has flipped to an upward prediction with a high-confidence sixty-four point two percent probability, while all seven of the Magnificent Seven stocks are predicted to move higher for the upcoming week. This classic risk-on divergence is supported by gold's seventy-nine point eight percent downward probability in the model. That's your weekend market review from Seven Horns A I. Enjoy the rest of your weekend, and we'll see you when the bell rings Monday. Visit sevenhorns dot a i for more insights.