Ten stocks fell sharply on Monday, dragged by a broader market pessimism thanks to the renewed tensions between the US and Iran.
The stocks fell alongside Wall Street’s three major indices, with the Nasdaq down the most by 1.88 percent, followed by the S&P 500 losing declining 0.79 percent, and the Dow Jones, down 0.26 percent.
In this article, we focus on the 10 worst-performing stocks on Monday and break down the reasons behind their drop.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and 5 million shares in trading volume.
10. Credo Technology Group Holding Ltd (NASDAQ:CRDO)
Credo Technology dropped its share prices by 8.11 percent on Monday to close at $236.88 apiece, as investors turned pessimistic anew amid the escalating tensions between the US and Iran.
Over the weekend, President Donald Trump announced the reinstatement of Iranian blockade, and later ordered the launch of strikes against Tehran after the latter struck two UAE tankers in Omani territorial waters, claiming the life of one crew member.
Trump, however, cleared that other countries’ ships and cargoes passing the Strait will be safeguarded by the US, in exchange for a 20-percent reimbursement for the use of US military resources to patrol and secure the region.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) declined alongside Wall Street’s three major indices, triggered by a combination of profit-taking and risk-mitigation activities.
In other news, the selloff can be partly attributed to its chief finance officer’s (CFO) disposition of $1.86 million worth of shares in the company in a series of transactions last Wednesday, July 8.
According to a regulatory filing, Credo Technology Group Holding Ltd CFO Daniel Fleming sold 7,580 shares at prices ranging from $240.6083 to $249.6092 apiece.
The sales reported were effected pursuant to a trading plan adopted by Fleming on January 12, 2026.
9. Bitdeer Technologies Group (NASDAQ:BTDR)
Bitdeer Technologies dropped its share prices by 8.73 percent on Monday to finish at $13.23 apiece, as investors moved to mitigate risks from the re-escalating tensions between the US and Iran.
Investors fled the markets for safety, dampening prices of Bitcoin and high-growth industries in the US markets, while taking advantage of their gains.
In other news, Bitdeer Technologies Group (NASDAQ:BTDR) announced last week that it is investing $36 million for the development of a new advanced electronics manufacturing facility in Sparks, Nevada.
Featuring 187,000 square foot of land area, the facility is expected to boost the company’s domestic manufacturing and assembly footprint and complement its existing US data centers and innovation hub in San Jose, California.
The new facility is targeted for completion in the end of 2026 and is expected to produce 10,000 units of Bitdeer Technologies Group’s Sealminer computing hardware each month.
“The Sparks facility reflects our strategy to strengthen supply chain resilience while being closer and more responsive to onshore customers,” said Paul Hanson, chairman of Bitdeer Industrial.
“Producing our advanced Sealminer units right here in Nevada reflects our long-term commitment to building capacity and nurturing the talent necessary to support our growing digital infrastructure operations in America,” he noted.
8. Cipher Digital Inc. (NASDAQ:CIFR)
Cipher Digital saw its share prices decline by 9.16 percent on Monday to close at $20.08 apiece, mirroring the selloff in the broader market amid the renewed tensions between the US and Iran.
The stock fell alongside Wall Street’s three major indices, with the Nasdaq leading the drop by 1.88 percent, followed by the S&P 500, shedding 0.79 percent, and the Dow Jones, down 0.26 percent.
Over the weekend, President Donald Trump announced the reinstatement of Iranian blockade in the Strait of Hormuz, and later ordered the launch of missile strikes.
While Trump clarified that the blockade would not affect shipments and cargoes from other countries, markets remained cautious over the impact of the war which have earlier this year sent prices of oil and gas surging to fresh peaks.
Macroeconomic uncertainties aside, the decline in shares of Cipher Digital Inc. (NASDAQ:CIFR) can also be partly attributed to the company’s lack of developments to boost buying appetite.
In other news, Cipher Digital Inc. is expected to announce the results of its earnings performance in the second quarter of the year in the first week of August 2025, based on its historical earnings reporting dates.
7. IonQ Inc. (NASDAQ:IONQ)
IonQ extended its losing streak to a 9th consecutive day on Monday, dropping 9.29 percent to close at $38.88 apiece, as investors unloaded portfolios rapidly-growing industries amid a broader market pessimism.
IonQ Inc. (NASDAQ:IONQ) fell alongside its counterparts, namely Infleqtion, D-Wave Quantum, and Rigetti Computing Inc., among others, with the selloff partly triggered by the renewed tensions between the US and Iran.
Over the weekend, President Donald Trump announced the reinstatement of Iranian blockade in the Strait of Hormuz, weeks after the two nations negotiated to make way for a peace deal.
The two countries launched missile strikes anew, triggering worries among investors anew over the prolonged economic impact of the war.
For IonQ Inc., the past nine trading days has already slashed its value by 27.8 percent.
IonQ Inc. is a company engaged in delivering integrated quantum solutions across computing, networking, sensing, and security.
Last month, it introduced a new addition to its Clavis XG Quantum Key Distribution (QKD) portfolio designed to make quantum security even more practical and deployable across metropolitan fiber networks.
Called the Clavis XG Multiplex, the product line is said to be capable of enabling high-performance, physics-based key distribution on a customer’s existing network infrastructure without requiring operators to redesign, isolate or dedicate optical networks for quantum security at a lower cost.
6. Infleqtion Inc. (NYSE:INFQ)
Infleqtion kicked off the trading week losing 9.31 percent to close at $10.13 apiece, mimicking the decline in the broader market as investors unloaded portfolios to minimize risks from the renewed tensions between the US and Iran.
President Donald Trump over the weekend announced the reinstatement of Iranian blockade in the Strait of Hormuz, weeks after Washington tried to negotiate with Tehran to officially end the months-long war.
However, the two countries exchanged missile strikes anew, dampening hopes for a peace deal between the two nations and triggering fears over the economic impact of the prolonged war.
It can be learned that global economies have heavily suffered from the impact of soaring prices of crude oil and gas earlier this year after a shortage of the said commodities during the closure of the Strait of Hormuz.
Economic uncertainties aside, Infleqtion Inc. (NYSE:INFQ) earlier this year was named among the companies benefitting from the US government’s $2 billion investment program to support the country’s leadership in quantum computing.
Infleqtion Inc. alone received $100 million in fresh funds to support the development of underlying engineering systems and integration requirements for large-scale neutral-atom-based quantum computers and architectures, including high-powered optical systems, novel readout and error correction systems.
5. Almonty Industries Inc. (NASDAQ:ALM)
Almonty Industries fell by 9.6 percent on Monday to end at $15.02 apiece, as investor sentiment was dragged by concerns about the economic impact over the prolonged US-Iran war.
The stock fell alongside key players and industries riding the artificial intelligence wave, as investors unloaded portfolios for safety while waiting for developments between the US and Iran.
It can be learned that the two nations over the weekend launched fresh missile strikes, weeks after trying to negotiate for a peace deal.
However, President Donald Trump over the weekend said that the US has reinstated an Iranian blockade in the Strait of Hormuz, and later commanded the launch of missile strikes.
Investors turned pessimistic amid fears over the further economic impact of the prolonged war.
In other news, Almonty Industries Inc. (NASDAQ:ALM) announced earlier this month that it has officially started the processing operations of its Sangdong tungsten mine.
Almonty Industries Inc. said that it exited the first quarter of the year with approximately 120,000 tons of ore stockpiled at an average grade of 0.24 percent tungsten trioxide.
In the second quarter, the company mined an additional approximately 19,700 tons of development ore at an average grade of 0.35 percent tungsten trioxide, while advancing 214.6 meters of underground development, primarily along the Main Vein.
Together, this brings total stockpiled ore to approximately 139,700 tons at a blended grade of approximately 0.25 percent tungsten trioxide ahead of the plant’s commissioning.
4. AXT Inc. (NASDAQ:AXTI)
AXT Inc. fell for a second day on Tuesday, losing 11.80 percent to end at $50.46 apiece, as investor sentiment was dampened by a broader market pessimism triggered by the escalating tensions between the US and Iran.
Additionally, investors were repositioning portfolios ahead of the results of its second quarter earnings performance after market close on July 30, 2026.
The company will host a conference call to elaborate on the results.
Last week, AXT Inc. (NASDAQ:AXTI) announced that its subsidiary, Beijing Tongmei Xtal Technology Co. Ltd., has withdrawn its plan to list publicly on the Shanghai Stock Exchange and instead, conduct an initial public offering on the Hong Kong Stock Exchange.
AXT Inc. believed that its subsidiary’s Hong Kong listing would “emphasize its updated business plan focusing on the development of its indium phosphide business to address the growing demand for InP substrates used in high-speed optical data transmission and artificial intelligence data center applications.
“Given the increase in demand for its InP wafer substrates used for high-speed optical data transmission in data centers employing artificial intelligence, the company believes that the Hong Kong Stock Exchange is an attractive market to list Tongmei’s shares permitting a broader potential base of institutional and retail investors in its anticipated IPO,” AXT Inc. said.
3. Astera Labs Inc. (NASDAQ:ALAB)
Astera Labs fell for a second day on Tuesday, losing 12.33 percent to finish at $362.05 apiece, as investor sentiment was primarily dampened by the re-escalating tensions between the US and Iran.
In a social media post over the weekend, President Donald Trump announced that it reinstated a blockade on Iran in the Strait of Hormuz.
The announcement heavily dampened investor sentiment despite Trump’s clarification that cargoes from other countries will be able to pass through the Strait freely and safely.
Wall Street’s three major indices all finished in the red, led by the Nasdaq, down 1.55 percent, followed by the S&P 500, losing 0.79 percent, and the Dow Jones, shedding 0.26 percent.
Meanwhile, the decline can also be attributed to profit-taking following Astera Labs Inc.’s (NASDAQ:ALAB) surge late last month over its addition in the Nasdaq-100 index effective on June 22.
Astera Labs Inc. is set to announce the results of its earnings performance in the second quarter after market close on August 4, 2026. A conference call will be held to elaborate on the results.
For the period, the company is targeting to generate revenues between $355 million and $365 million, or an implied growth of 15 to 18 percent from the $308.4 million posted in the same period last year.
2. AppLovin Corp. (NASDAQ:APP)
AppLovin extended its losing streak to a 5th consecutive day on Monday, slashing 12.65 percent to end at $442.85 apiece, as investors resumed selling positions amid a pessimistic wider market triggered by the re-escalating tensions between the US and Iran.
The stock fell alongside the broader market, with the Nasdaq down the most, by 1.55 percent. The S&P 500 followed with a 0.79 percent decline, while the Dow Jones was down by 0.26 percent.
In just the past five trading days, AppLovin Corp. (NASDAQ:APP) has already seen its stock price decline by 18.56 percent.
In other news, AppLovin Corp. is scheduled to announce the results of its earnings performance in the second quarter of the year on August 5, 2026. A conference call will be held to elaborate on the results.
For the period, the company is targeting to rake in revenues between $1.915 billion and $1.945 billion, or an implied growth of 52 percent to 54 percent from the $1.259 billion posted in the same period last year.
Adjusted EBITDA is also expected at $1.615 billion to $1.645 billion, or growth of 58.6 percent to 61.6 percent from the $1.018 billion year-on-year.
1. Sandisk Corp. (NASDAQ:SNDK)
Sandisk snapped a three-day winning streak on Tuesday, slashing 12.63 percent of its value to close at $1,673.97 apiece, after a heavy selloff in the wider market, thanks to the re-escalating tensions between the US and Iran.
Investors appeared to have cashed in on gains on high-growth industries, such as semiconductor, while parking funds to mitigate risks, after President Donald Trump recently announced the reinstatement of what he called an “Iranian blockade” in the Strait of Hormuz.
The announcement heavily dampened investor sentiment despite Trump’s clarification that cargoes from other countries will be able to pass through the Straight freely and safely. Wall Street’s three major indices all finished in the red, led by the Nasdaq, down 1.55 percent, followed by the S&P 500, losing 0.79 percent, and the Dow Jones, shedding 0.26 percent.
For Sandisk Corp. (NASDAQ:SNDK), the selloff was primarily triggered by profit-taking, having already soared by 5,442 percent in just the past 52 weeks, and even with Monday’s selloff, the stock remained up by 605.19 percent year-to-date.
In other news, Sandisk Corp. is set to announce the results of its earnings performance for the fourth quarter of fiscal year 2026 after market close on August 5, 2026. A conference call will be held to elaborate on the results.
For the period, Sandisk Corp. is targeting to report revenues between $7.75 billion to $8.25 billion, or an implied growth of 308 percent to 334 percent from the $1.9 billion posted in the same period last year.
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