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Stock Market 25 February 2026
The Taiex in Taiwan reached a record 46,465.20, with TSMC gaining 1.05% locally and its U.S. ADR surging 6.3%, boosting chip stocks. Grab shares rose 2.6% to $3.54 on higher volume, with Q1 profit up and a $500 million buyback, though investor sentiment remains cautious. Strategy’s Stretch preferred stock traded at $86.54, well below its $100 target, highlighting concerns as the company uses it to raise cash for bitcoin purchases. U.S. gas prices dropped below $4 for the first time since March after a U.S.-Iran interim deal aimed at reopening the Strait of Hormuz, which also pushed crude prices lower. Salesforce shares stayed under pressure despite record results and strong AI-driven recurring revenue, as its $3.6 billion Fin deal raised questions about AI pricing and integration risks. CDT Equity shares surged on news of private investment in Sarborg, valuing the holding at $127.5 million, but risks remain from a new convertible loan and an upcoming Nasdaq review. Hyperscale Data shares climbed 8% on volume, with recent news focused on a preferred-stock dividend and updates on AI data centers and Bitcoin. Pfizer fell 3.2% after announcing CFO Dave Denton’s departure, with Cecile Guegan set as interim CFO, as the company navigates a post-COVID reset. U.S. markets rose, led by chip stocks after Intel’s gains and news that Apple will partner with Intel on U.S. chip production. The Dow rose 0.39%, S&P 500 0.79%, and Nasdaq 1.04%, while Brent crude fell 2.55% and the 10-year Treasury yield eased. Apple shares gained after CEO Tim Cook said price hikes are unavoidable due to higher chip costs. IBM dropped 6.9% after Accenture’s weak sales outlook and concerns from IBM’s AI report about control over AI outcomes. QuantumScape rose 5.7% after Honda agreed to a multi-year solid-state battery research program, though execution risk remains. Energy Fuels jumped 10% on a conditional U.S. government loan for rare earth and uranium projects. FreeCast soared 89.5% after a Starlink Business reseller deal. Kroger maintained its outlook after Q1 sales beat forecasts but missed on earnings, with margin pressure noted. HIVE’s BUZZ HPC unit secured a $220 million GPU cloud contract, sending shares up over 11%. AT&T traded slightly lower as CFO Pascal Desroches announced plans to step down, with Jennifer Biry set to take over in 2027. Accenture guided for 3%-4% full-year revenue