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Stock Market 26 February 2026
CDT Equity shares surged on the Nasdaq after the company announced a new private investment in Sarborg, valuing its holding at $127.5 million, though risks remain from a new convertible loan facility and an upcoming Nasdaq event. Hyperscale Data shares rose about 8% amid high volume, with the latest confirmed news being a preferred-stock dividend; trading is linked to its AI data center and Bitcoin updates. Pfizer dropped 3.2% after announcing CFO Dave Denton will leave in August, with Cecile Guegan stepping in as interim CFO, as investors focus on 2026 guidance and deal payoffs. U.S. markets saw gains, with the S&P 500 up 0.79%, Nasdaq up 1.04%, and Dow up 0.28%, while Brent crude fell 2.55% and the 10-year Treasury yield eased to 4.432%. Intel led chip stocks higher after President Trump said Apple will collaborate with Intel on U.S. chip production. The Dow closed up 201.65 points, with chip stocks rebounding and lower oil prices easing inflation concerns; the Fed kept its rate steady at 3.50%-3.75%. Apple shares rose after CEO Tim Cook said product price hikes are “unavoidable” due to higher chip costs, raising questions about demand resilience. IBM fell 6.9% after Accenture’s weak sales forecast and concerns from IBM’s AI report about control over AI systems. QuantumScape gained 5.7% after Honda agreed to a multi-year battery research program, though execution risk remains. Energy Fuels rose 10% on a conditional U.S. government loan for rare earth expansion. FreeCast soared 89.5% after a Starlink Business reseller deal. Kroger maintained its outlook despite margin pressure. HIVE’s BUZZ HPC unit secured a $220 million GPU cloud contract. AT&T traded lower as CFO Pascal Desroches announced his departure. Accenture guided for 3%-4% revenue growth but issued weak Q4 guidance. Meta fell 5.4% after an executive departure. Nebius rose ahead of joining the Nasdaq-100. Super Micro Computer dropped 4.9% as it seeks to raise $7 billion in equity. Keel Infrastructure named a new auditor after moving its base to the U.S. Nokia gained 1.3% on patent and networking news.