Thu Mar 06 18:50:00 UTC 2025: ## Tech Layoffs Surge, Market Volatility Shakes Up IBD Leaderboard
**NEW YORK, NY – March [Date]** – Layoffs have reached their highest level since 2020, impacting major tech companies and causing significant shifts in the Investor’s Business Daily (IBD) Leaderboard. Recent market volatility has resulted in Tesla, Nvidia, and Palantir being removed from the prestigious list.
Despite the turbulent market, Netflix and Meta Platforms remain on the Leaderboard, though both face challenges. Meta, the sole “Magnificent Seven” stock still trading above its 50-day moving average, is clinging to support near that level after a recent decline. Netflix, however, continues to trade above its 50-day line and within its buy range. Intuitive Surgical remains on the Leaderboard’s watchlist.
Other notable changes include the addition of TG Therapeutics to the Leaderboard. While showing strong upward momentum, investors are cautioned about its history of sharp pullbacks. Eli Lilly and Fiserv demonstrate market leadership, while Meta, Netflix, Intuitive Surgical, and Agnico Eagle Mines are featured in both the IBD 50 and IBD Big Cap 20 lists. DoorDash and GeneDx also made the IBD 50.
The tech-heavy Nasdaq is currently testing its 200-day moving average following a sharp decline, adding to the market uncertainty. Despite this, Meta and Netflix maintain high Composite Ratings, showcasing resilience in a challenging environment. Apple, however, recently lost support at its 50-day moving average.
The significant shifts on the IBD Leaderboard highlight the current volatility within the tech sector and the broader market, urging investors to proceed with caution.
First Piper 