Last week was rough for a bunch of large-cap stocks, especially in tech, electric vehicles, and data centers. Investors were spooked by weak guidance, regulatory headaches, rising bond yields, and competitive threats. Here's a rundown of the ten biggest losers among large caps for the week of May 18 to May 22 — and why they took a hit.
Intuit Inc. (INTU) dropped 18.28% after reporting third-quarter results and issuing fourth-quarter and full-year 2026 GAAP EPS guidance that missed estimates. To make matters worse, the company announced it's cutting 17% of its full-time workforce. That's a double whammy of disappointing numbers and restructuring pain.
NIO Inc. (NIO) fell 12.58% after its first-quarter results. But the bigger story might be regulatory: the China Securities Regulatory Commission said it plans to eliminate illegal cross-border securities trading within two years and is penalizing offshore brokerages. That sent a chill through U.S.-listed Chinese stocks, and NIO was caught in the downdraft.
Li Auto Inc. (LI) also slumped 5.49% for the week, likely feeling the same regulatory pressure as NIO.
Sterling Infrastructure, Inc. (STRL) slipped 7.98%. The company is tied to data center construction, and rising bond yields made investors nervous about the cost of funding those multibillion-dollar projects for hyperscalers. When borrowing gets more expensive, infrastructure stocks can feel the heat.
Pershing Square Inc. (PS) decreased 13.9% for the week, though the article doesn't specify a catalyst. Sometimes a stock just has a bad week.
Vertiv Holdings (VRT) slumped 11.57%, also likely pressured by the same bond yield concerns that hit Sterling. Vertiv makes power and cooling equipment for data centers, so it's sensitive to the same funding dynamics.
Tenet Healthcare Corporation (THC) fell 12.46%. Healthcare stocks can be volatile, but no specific trigger was cited.
Reddit, Inc. (RDDT) slid 10.87% following reports that Facebook launched a competing app. Competition from a deep-pocketed rival is never good news for a social media platform.
BJ's Wholesale Club Holdings, Inc. (BJ) decreased 11.37% after reporting first-quarter financial results. The market didn't like what it saw.
Strategy Inc (MSTR) slumped 4.96% despite a price target hike from TD Cowen to $400 from $395, citing faster Bitcoin accumulation and a $1.5 billion accretive repurchase of convertible notes. Even good news couldn't save it from the broader selloff.
So, are any of these in your portfolio? If so, last week was probably not fun. But as always, one week doesn't define a stock's long-term story.
