Tech Focus - February 27, 2026 (Morning)

 ## Tech Sector Pulse Tech stocks faced significant pressure overnight, with the Nasdaq 100 down 1.70% and the Technology Select Sector SPDR ETF (**XLK**) falling 2.36%. This broad weakness reflects growing investor caution amid mixed earnings results and ongoing macroeconomic uncertainties. Despite some strong earnings beats in select names, concerns about slowing growth and AI-related spending moderation weighed on sentiment. The market is digesting a wave of earnings reports that highlight both the promise and challenges of the current tech cycle, especially in AI and semiconductor sectors. Investor focus remains on the sustainability of AI-driven growth, with some stocks rallying on AI-related news while others are correcting sharply after recent run-ups. The broader economic backdrop, including geopolitical tensions and cautious guidance from some companies, is tempering enthusiasm. Meanwhile, the semiconductor industry is experiencing mixed signals from data center demand and inventory adjustments, contributing to volatility in chip stocks. ## Big Tech Watch **$NVDA** Nvidia remains in the spotlight following its blockbuster earnings report, which continues to fuel optimism around AI infrastructure demand. Despite the overall tech selloff, Nvidia’s strong Q4 results and bullish commentary on AI spending underpin its leadership in the sector. The stock is seen as a key beneficiary of the AI boom, although valuation concerns persist after recent gains. **$AAPL** Data not available. **$MSFT** Data not available. **$GOOGL** Data not available. **$META** Data not available. **$AMZN** Amazon is drawing attention for its strategic moves into big-box retail, which investors view as a potential growth driver beyond its core e-commerce and cloud businesses. This diversification effort could open new revenue streams, although the stock’s near-term performance is influenced by broader market volatility. **$TSLA** Tesla shares declined 2.55% to $406.75 amid the tech sector pullback. The drop reflects cautious investor sentiment despite Tesla’s ongoing innovation in EVs and AI-driven autonomous technologies. The stock remains sensitive to broader tech trends and macroeconomic factors impacting growth stocks. ## AI & Semiconductors AI infrastructure spending remains a central theme, with Nvidia’s leadership underscored by strong demand for its GPUs in AI data centers. However, chip stocks showed mixed performance overnight: - **$AMD** fell 4.20% to $202.01, pressured by concerns over near-term demand softness despite its strong product portfolio. - **$AVGO** declined 5.06% to $315.48, reflecting broader semiconductor sector weakness. - **$TSM** dropped 3.65% to $373.57, impacted by cautious guidance and inventory adjustments in the foundry business. Data center trends remain pivotal, with reports of hyperscaler expansions balanced by inventory corrections among some customers. The mixed signals suggest a cautious stance among investors, who are weighing the long-term AI growth story against short-term cyclical challenges. ## Software & Cloud Enterprise software stocks showed resilience amid the tech selloff: - **$NOW** rose 2.48% to $106.82, benefiting from strong demand for cloud workflow automation. - **$SNOW** gained 1.35% to $171.50, supported by robust data platform adoption. - **$PLTR** increased 1.31% to $135.95, buoyed by steady government and commercial contract wins. - **$ORCL** edged down slightly by 0.72% to $146.83, reflecting mixed investor reactions to its earnings and cloud transition progress. These gains highlight investor preference for software names with recurring revenue models and visible cloud growth, even as the broader tech market struggles. ## Tech Catalysts Today Key earnings to watch include: - **$ADSK** (Autodesk) reported a strong Q4 with shares up 7.59% to $241.88, signaling robust demand for design software. - **$DELL** (Dell Technologies) surged 9.48% to $135.19 after posting record Q4 results driven by AI server demand. - **$MARA** (MARA Holdings) jumped 14.35% to $9.80 following a data center development deal with Starwood, signaling expansion beyond pure-play bitcoin mining. - **$FIGS** rallied 20.26% to $13.18 on strong earnings momentum. - **$PUBM** (PubMatic) surged 21.88% to $8.02 after beating Q4 estimates and presenting a positive growth outlook. These earnings and announcements will be key drivers for tech trading activity today. ## Tech Trading Ideas - **$DELL**: With a 9.48% jump on strong AI-driven server demand, Dell is a compelling play on enterprise AI infrastructure growth. Watch for further momentum as investors digest its record Q4 results. - **$ADSK**: Autodesk’s 7.59% gain post-earnings suggests continued strength in design software demand. It could benefit from ongoing digital transformation trends in construction and manufacturing. - **$MARA**: The 14.35% rally on a new data center partnership offers a speculative opportunity in the evolving crypto and AI infrastructure space. Investors should monitor developments in its diversification strategy. These names combine strong recent catalysts with exposure to key growth themes in AI and enterprise technology.