Key Highlights:
The Nasdaq Composite Index plunged 931.35 points (-5.63%) on April 4, falling to 15,619.26 in one of its worst sessions in 2025. The tech-heavy index was battered by a broad-based sell-off in semiconductors, AI stocks, and EV giants, with Micron, Tesla, Marvell, and Nvidia leading the charge downward.
Investors responded sharply to weaker-than-expected forecasts, macroeconomic uncertainty, and profit-taking from high-flying 2024 names.
Snapshot: April 4 Top Nasdaq Losers
| Company | Price ($) | Change ($) | % Change | Prev Close | Technical Rating |
|---|---|---|---|---|---|
| Micron Tech | 64.67 | -9.86 | -13.23% | 74.53 | Very Bearish |
| Diamondback Energy | 124.20 | -17.05 | -12.07% | 141.25 | Very Bearish |
| Intel | 19.89 | -2.60 | -11.56% | 22.49 | Very Bearish |
| Alibaba | 114.10 | -15.15 | -11.72% | 129.25 | Bearish |
| Marvell Tech | 49.54 | -6.03 | -10.85% | 55.57 | Bearish |
| Tesla Inc. | 239.17 | -28.30 | -10.58% | 267.47 | Very Bearish |
| Baidu | 80.59 | -9.25 | -10.30% | 89.84 | Bearish |
| Sirius XM | 19.18 | -1.95 | -9.23% | 21.13 | Bearish |
| JD.com | 36.31 | -3.60 | -9.02% | 39.91 | Bearish |
| Lam Research | 59.40 | -5.78 | -8.87% | 65.18 | Very Bearish |
| Microchip Tech | 37.12 | -3.52 | -8.65% | 40.64 | Very Bearish |
| Nvidia | 93.67 | -8.35 | -8.18% | 102.02 | Very Bearish |
Biggest Nasdaq Shockers: What Went Wrong?
🔻 Micron Technology (-13.23%)
- Crashed after warning about weak Q2 DRAM demand and pricing headwinds.
- Despite strong AI narratives, memory chip makers are seeing margin pressures.
- 3-month performance: -23.14%
🔻 Tesla Inc. (-10.58%)
- Extended its free fall post Q1 delivery miss.
- Analysts now questioning its valuation amid rising competition and demand slowdown.
- 3-month performance: -40.85%
🔻 Marvell Technology (-10.85%)
- Hit by AI hype unwind and weaker-than-expected infrastructure chip orders.
- One of the worst-performing semiconductor stocks YTD with -55.16% in 3 months.
🔻 Intel Corp (-11.56%)
- Part of broader chip sell-off, but also facing questions over strategic turnaround.
- Stock now trades near 52-week lows.
🔻 Nvidia Corp (-8.18%)
- AI leader couldn’t escape the storm.
- Profit booking and valuation pressure mount after 100%+ YTD rally earlier this year.
Sector Breakdown: Tech and Chips Hit Hardest
- Semiconductors: Worst-performing sector of the day. Nearly every major chip stock was down >7%.
- Electric Vehicles: Tesla’s decline weighed on the entire EV index.
- Chinese Tech: JD.com, Alibaba, and Baidu saw double-digit losses, triggered by weak global sentiment and regulatory fear.
Technical Signals: Bearish Momentum Accelerates
- RSI (Relative Strength Index) across most names dropped below 40, signaling momentum exhaustion.
- MACD crossovers indicate more potential downside for names like Marvell and Micron.
- Nasdaq broke 15,800 key support, next watch level: 15,300.
Expert Views
“Today was a capitulation-style day for Nasdaq. The problem isn’t earnings—it’s over-ownership and extreme positioning in tech,”
— Jonathan Krinsky, BTIG
“When leaders like Nvidia and Tesla fall hard, the rest of the index follows. This could take time to recover,”
— Katie Stockton, Fairlead Strategies
Market Sentiment & What to Watch Next
- VIX spiked over 20, showing heightened fear.
- Fed officials are still hinting at delayed rate cuts, adding pressure.
- Earnings season begins next week; guidance will be key.
Top Losers Nasdaq Reflect Panic in Tech and Semiconductor Sector
The top losers on the Nasdaq today are a clear signal of fear and forced liquidations across high-growth names. With Micron, Tesla, Marvell, Intel, and Nvidia among the worst performers, the sell-off has hit the heart of the U.S. innovation economy.
If this continues, the Nasdaq 100 may enter correction territory, unless earnings season provides a sharp reversal in sentiment.
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