The Nasdaq Rose 1.9% in September. Intel Exploded 34%
Source: GuruFocus.com ·
Intel jumped 34.32% and AMD gained 29.96%, helping semiconductor stocks lead the advance.
From the source
This article first appeared on GuruFocus . The Nasdaq Composite , the technology-heavy U.S. stock index, gained 1.86% in September as a late-month semiconductor rally outweighed steep declines across several software-related stocks. The index finished September at 26,861.06 after gaining 0.24% on the final trading day. It closed higher in 19 sessions during the month and lower in 11. Warning! GuruFocus has detected 7 Warning Signs with AMD. Is AMD fairly valued? Test your thesis with our free DCF calculator. Semiconductors provided much of the momentum. Intel climbed 34.32%, Advanced Micro Devices gained 29.96%, Marvell Technology rose 24.83% and Astera Labs advanced 19.86%. Meta Platforms gained 26.70%. The concentration of those gains matters because other technology businesses moved sharply in the opposite direction. Axon Enterprise fell 25.42%, Intuit lost 23.26%, Paychex declined 22.65%, DoorDash dropped 20.79% and Autodesk slid 19.16%. That divergence leaves the Nasdaq entering…