S&P 1500 tech stocks with recent 52-week highs fall 25.6% on average from peaks despite strong year-over-year gains.
A screen of S&P 1500 technology stocks that hit 52-week highs in the past two months shows an average decline of 25.6% from those peaks. Despite the pullback, the group remains up 219.8% year over year, reflecting prior strong momentum in the sector.
Stocks like Photronics (PLAB), Corsair (CRSR), and SolarEdge Technologies (SEDG) lead the declines, each down 30% or more from recent highs. Others, including Lumentum (LITE) and Western Digital (WDC), still show year-over-year gains exceeding 500% even after sharp sell-offs.
The data highlights a broader rotation within high-growth tech, as investors reassess valuations amid shifting macroeconomic conditions.