#Nasdaq100 eyes best year since 1999, winners and losers on tech-heavy index (29 Dec 2023)

** Nasdaq 100 NDX is up about 55% year-to-date, on track for its best year since 1999

** The investments in artificial intelligence and strength in "Magnificent 7" powered the rally in tech-heavy index

** Nvidia NVDA gained the most this year being one of the biggest beneficiaries of the adoption of AI technology

** Meta META reported its best operating margins in two years in Q3, supported by recovery in digital advertising and its $5 bln cost-cut measures, the $40 bln buy-back program it announced at the beginning of the year

** Crowdstrike CRWD said the firm saw resilient demand for its cybersecurity offerings in Q4 as businesses try to ensure safety against rising online threats

** On the flip side, Moderna MRNA was the worst performer on the index on concerns around waning demand for COVID vaccines and anticipation of a loss this year

** Kraft Heinz KHC was hurt by consumers cutting back on spending and switching to cheaper options, as co rapidly hiked its prices due to increased input costs and inflation

** PayPal PYPL, once a pandemic-era darling, shuffled top management this year while grappling with a slowdown in consumer spending and contracting margins

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