During US trading hours, Nasdaq 100 component stocks showed mixed performance, with Google and Tesla leading the declines, while semiconductor and industrial stocks bucked the trend.

TechFlow news, July 23, according to Bitget market data, during US stock trading, Nasdaq 100 components showed mixed performance, with semiconductor equipment, industrial, and storage sectors leading gains, while tech giants, internet, and new energy vehicle sectors faced pressure and corrected.

In terms of gains, Honeywell rose 6.59%, a global leading supplier of industrial automation and aerospace systems, boosted significantly by better-than-expected earnings; Applied Materials rose 3.21%, a global leader in semiconductor equipment, benefiting from continued expansion of AI-driven fab capital expenditure; Micron rose 3.88%, a global leading memory chip manufacturer, supported by strong demand for AI server HBM; Lumentum rose 3.55%, focusing on photonics and laser technology solutions, deeply benefiting from the explosion in AI data center optical interconnect demand; Nebius NV rose 3.48%, a European AI cloud computing infrastructure platform, continuously benefiting from the expansion of AI computing power demand.

In terms of declines, Tesla fell 13.42%, a global leader in new energy vehicles and AI robotics, with earnings profit under pressure coupled with Musk admitting mass production challenges for robots, triggering significant market selling; Alphabet fell 7.02%, the global largest search and cloud computing giant, with intensified AI competition suppressing valuation; Amazon fell 4.31%, a global e-commerce and cloud computing leader, correcting due to being dragged down by overall tech stock sentiment; T-Mobile US fell 4.93%, a leading US mobile communication operator, affected by overall market pressure; Meta Platforms fell 3.29%, a global social media and AI advertising platform giant, facing profit-taking pressure on high valuation.