Stock Markets March 26, 2026

Tech heavyweights lead steep declines as market sees broad movers on Thursday

Lam Research and Meta among the largest market-cap losers; small- and mid-cap stocks show wild swings tied to company-specific news

By Marcus Reed LRCX META MU AMAT AMD
Tech heavyweights lead steep declines as market sees broad movers on Thursday
LRCX META MU AMAT AMD

Thursday's trading session produced notable volatility across market-cap tiers, with semiconductor and large technology names among the steepest decliners. Lam Research (LRCX) and Facebook (META) posted double-digit-portion declines relative to other mega-cap peers, while a range of mid- and small-cap stocks moved sharply in response to company announcements and analyst actions.

Key Points

  • Semiconductor and large technology companies accounted for many of the largest declines among mega-cap names, including Lam Research (LRCX) and Facebook (META).
  • Mid- and small-cap stocks showed pronounced dispersion, with some firms jumping on company-specific news (for example, Navan Inc and Kodiak Sciences) while others fell sharply following results, downgrades or short-report related concerns.
  • Sectors most visibly affected include semiconductors, social media/online platforms, biotechnology and select consumer goods and travel-related companies.

Equity markets on Thursday recorded a spectrum of price moves, driven largely by company-level results, guidance updates and analyst activity. The heaviest losses clustered among semiconductor and large technology stocks, while individual announcements lifted several mid- and small-cap issues.


Mega-Cap Movers (Market Cap: $200 billion USD or higher)

  • Lam Research (LRCX): -8.74%
  • Facebook (META): -8.13%
  • Micron Technology (MU): -7.17%
  • Applied Materials (AMAT): -7.41%
  • Advanced Micro Devices (AMD): -6.74%
  • Intel (INTC): -6.17%
  • KLA-Tencor (KLAC): -5.67%
  • GE Vernova (GEV): -5.22%
  • General Electric (GE): -4.59%
  • Alibaba (BABA): -3.87%

Large-Cap Stock Movers (Market Cap: $10-$200 billion USD)

  • Fundrise Innovation Fund (VCX): -30.61%
  • Bloom Energy (BE): -11.95%
  • Reddit (RDDT): -10.96%
  • SanDisk Corp-Exch (SNDK): -10.24%
  • Applovin (APP): -10.39%
  • Lumentum Holdings (LITE); Lumentum to open InP manufacturing facility in North Carolina: -10.19%
  • Coherent (COHR): -9.49%
  • Iris Energy (IREN): -9.05%
  • Amark Preci (GOLD): -9.27%

Mid-Cap Stock Movers (Market Cap: $2-$10 billion USD)

  • Wave Life Sciences (WVE); Wave Life Sciences reports obesity drug trial results: -49.76%
  • Navan Inc (NAVN); Navan beats Q4 estimates, shares soar 16% on strong guidance: +35.46%
  • Avis Budget (CAR): +15.73%
  • Imara Inc (ELVN): +12.58%
  • Snap Inc (SNAP): -12.47%
  • Applied Opt (AAOI): -13.45%
  • Vicor Corp (VICR): -13.76%
  • Denali Therapeutics (DNLI): -10.46%
  • Pony Ai Inc (PONY): -15.8%
  • ADMA Biologics Inc (ADMA); Cantor downgrades ADMA Biologics stock rating on short report concerns: -17.6%

Small-Cap Stock Movers (Market Cap: $300 million - $2 billion USD)

  • Kodiak Sciences (KOD); Kodiak Sciences reports positive GLOW2 trial results for Zenkuda: +72.04%
  • Olaplex Holdings (OLPX); Henkel to acquire Olaplex for $1.4 billion in cash deal: +50.75%
  • Intrexon Corpn (PGEN): +30.96%
  • One and One Green Tech Ltd (YDDL): +26.12%
  • Fast Acquisition Corp II (FBYD): +20.57%
  • Roma Green Finance (ROMA): -22.92%
  • Lumexa Imaging Holdings Corp (LMRI): -22.65%
  • SNXX (SNXX): -20.18%
  • LITX (LITX): -18.9%
  • Herman Miller (MLKN); MillerKnoll shares plunge 14% worse-than-expected Q3 results, guidance miss: -25.03%

The session’s leaders and laggards span industries from semiconductors and social media to biotechnology, travel and furniture manufacturing. Where headlines detail trial outcomes, acquisition terms or analyst actions, share prices reacted sharply in both directions. Several of the largest drops came from firms with semiconductor exposure and large-cap technology names, while some small- and mid-cap names rallied on company-specific news.

This roundup focuses on individual stock moves and the specific reported drivers listed alongside some names. Where company commentary or guidance was explicitly identified, it is noted in the list. For moves without accompanying company statements in the listing, the article reflects only the price changes presented.

Risks

  • Company-specific announcements, such as clinical trial results, acquisition terms or analyst downgrades, can produce large and rapid share-price swings for mid- and small-cap stocks - relevant to biotechnology and small-cap consumer names.
  • Broad declines among major semiconductor equipment and chipmakers introduce downside pressure for semiconductor supply-chain linked sectors, affecting equipment suppliers and chip producers.
  • Where guidance or analyst actions are cited (for example, downgrades or stronger-than-expected guidance), market reactions can be sharp and may increase volatility for the affected stocks and related sectors.

More from Stock Markets

Constellation Told Grid Connection for Three Mile Island May Be Delayed Until 2031 Mar 26, 2026 EU Accuses Pornhub, Stripchat, XNXX and XVideos of Allowing Underage Access, Cites Digital Services Act Breaches Mar 26, 2026 Oil Majors Poised to Pocket Billions as Iran Conflict Sends Prices Soaring Mar 26, 2026 Pernod Ricard and Brown-Forman Hold Merger Talks, Sources Say Mar 26, 2026 Occidental Stock Climbs as Leadership Change Nears Mar 26, 2026