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Stock Market 27 February 2026
Apple shares rose after CEO Tim Cook said product price increases are “unavoidable” due to higher memory and storage-chip costs, raising questions about demand resilience for iPhones, Macs, and iPads. IBM shares fell 6.9% after Accenture’s softer sales forecast pressured consulting and IT services stocks. IBM’s AI report highlighted concerns about buyers’ control over AI outcomes. QuantumScape shares climbed 5.7% following a multi-year solid-state battery research agreement with Honda R&D, though execution risk remains as the company has no commercial product yet. Energy Fuels gained 10% after a conditional U.S. government loan commitment for its White Mesa Mill expansion and a planned rare earth facility. FreeCast shares surged 89.5% after announcing a Starlink Business reseller deal. Kroger maintained its 2026 outlook as first-quarter sales beat forecasts but margins were pressured by price investments and higher costs. HIVE’s BUZZ HPC unit secured a $220 million GPU cloud contract, boosting shares over 11%. AT&T shares traded lower as CFO Pascal Desroches announced plans to step down, with Jennifer Biry set to succeed him. Accenture cut its full-year revenue growth guidance to 3%-4% due to ongoing U.S. federal contract pressure, leading to a premarket stock drop. Meta shares fell 5.4% amid news of an executive departure. Nebius rose 4.23% ahead of joining the Nasdaq-100. Super Micro Computer dropped 4.9% as it seeks to raise $7 billion in equity. Keel Infrastructure traded higher after naming PwC USA as auditor. Nokia outperformed the OMXH25 index on news of a Lenovo patent deal and optical networking moves. Alphabet slipped 0.42% as a key AI leader left for OpenAI. Plug Power traded lower after shareholders approved issuing more shares. Intel rose on reports of a potential Apple chip partnership, though unconfirmed. Snap shares fell 8.1% as it prepares to ship its first consumer AR glasses. AMC traded at $2.66 after recent gains.