US Stocks Swing Lower

2026-02-26 15:36 By Andre Joaquim 1 min. read

US equities swung lower on Thursday on losses from chipmakers after Nvidia posted its earnings report.

The S&P 500 fell 1% and the Nasdaq 100 dropped nearly 2%, while the more defense Dow was flat.

Nvidia shares declined 5% despite beating estimates for earnings and revenues and forecasting further growth, underscoring the scrutiny that markets are gaining for the tech sector due to skepticism that growth in capital expenditure for AI compute may have been exaggerated.

Broadcom, Micron, Intel, and Applied Materials fell between 7% and 5%.

In the meantime, Salesforce added 3% after giving a lukewarm outlook for its sales in the upcoming fiscal year.

Companies that sell software as a service have also been under added scrutiny this month as advances in AI automation tools raised concerns that the sector may be disrupted.

Meanwhile, Warner Bros.

Discovery inched down after reporting lower sales, reflecting challenges amid its consideration of takeover bids by Netflix and Paramount.



News Stream
US Stocks Swing Lower
US equities swung lower on Thursday on losses from chipmakers after Nvidia posted its earnings report. The S&P 500 fell 1% and the Nasdaq 100 dropped nearly 2%, while the more defense Dow was flat. Nvidia shares declined 5% despite beating estimates for earnings and revenues and forecasting further growth, underscoring the scrutiny that markets are gaining for the tech sector due to skepticism that growth in capital expenditure for AI compute may have been exaggerated. Broadcom, Micron, Intel, and Applied Materials fell between 7% and 5%. In the meantime, Salesforce added 3% after giving a lukewarm outlook for its sales in the upcoming fiscal year. Companies that sell software as a service have also been under added scrutiny this month as advances in AI automation tools raised concerns that the sector may be disrupted. Meanwhile, Warner Bros. Discovery inched down after reporting lower sales, reflecting challenges amid its consideration of takeover bids by Netflix and Paramount.
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