Intuit stock tumbles 7% as software selloff deepens; new $2.2 billion credit line in focus
Intuit Inc shares dropped 7.4% on Wednesday, deepening the retreat in U.S. software stocks. By 1:13 p.m. ET, the stock traded at $560.27, down 7.4%.
SMCI stock slides again as Goldman’s ‘sell’ call puts Super Micro margins back under the microscope
Shares of Super Micro Computer dropped 1.7% Wednesday, continuing their slide after Goldman Sachs initiated coverage with a “Sell” rating on the AI server specialist. By 1:21 p.m. ET, the stock was down 48 cents, trading at $28.12, having hit a low of $27.77 earlier.
Qualcomm stock falls again as “glass cloth” supply report rattles chip names ahead of earnings
QUALCOMM Incorporated slipped 1.5%, hitting $162.73 early Wednesday afternoon, which also marked its session low. Trading volume reached roughly 3.4 million shares.
Spotify stock slides after Bernstein slashes target to $650 as AI push hits valuation nerves
Shares of Spotify Technology S.A. dropped 2.5% to $521.28 in early afternoon trading Wednesday, deepening a recent slide after Bernstein lowered its price target for the music-streaming giant. The Invesco QQQ Trust, an ETF tracking the Nasdaq-100, slipped roughly 1.7%.
Thermo Fisher Scientific stock rises on reshoring contract talk, Nvidia lab deal and exec shuffle
Shares of Thermo Fisher Scientific climbed 1.4% to $615.46 Wednesday after CEO Marc Casper announced that the company’s pharma services division secured contracts linked to “reshoring” — shifting drug manufacturing back from Europe and Asia to the U.S. Speaking at the J.P. Morgan Healthcare Conference, Casper highlighted “a very big focus on reshoring” and noted that a delayed proposed 100% tariff on imported medicines has already prompted customers to accelerate projects and reconsider pricing. Evercore ISI analyst Vijay Kumar described the outlook as “constructive.” Casper also referenced Thermo’s acquisition of Sanofi’s Ridgefield, New Jersey facility last year as a capacity boost and mentioned improving biotech funding.
ServiceNow stock slides near year-low levels as Wall Street sizes up AI push and next earnings
ServiceNow shares dropped 2.6% to $134.64 on Wednesday, after hitting a low of $134.43 earlier in the session. The stock had closed at $138.19 on Tuesday.
India’s ₹3.25 lakh crore Rafale mega-buy heads to talks — Dassault, Thales and Safran shares in focus
India’s defence ministry is set to hold internal talks on a proposed deal to buy 114 Rafale fighter jets from France, valued at about ₹3.25 lakh crore, news agency ANI reported Wednesday. A high-level meeting scheduled for this week could greenlight what would become the country’s largest defence purchase to date.
Coinbase stock jumps as bitcoin rallies past $97,000 — and a network outage warning hits mid-session
Shares of Coinbase Global jumped 3.8% to $262.17 on Wednesday, boosted by bitcoin’s 4.2% rise to around $97,467 and ether’s 6.3% gain. The company warned that some users might experience delays sending or receiving funds on the Sui network because of a network outage, but reassured that “Your funds are safe.” Meanwhile, crypto-related stock Strategy climbed 7.4%.
Adobe stock slides again as fresh downgrade, Apple’s new Creator Studio sharpen AI competition fears
Shares of Adobe slid roughly 1.7% on Wednesday, building on losses from the day before as investors digested a fresh analyst downgrade alongside mounting competition in the creative software market.
AppLovin stock dives 10% in New York trade even as Evercore, Morgan Stanley flag upside
AppLovin Corp shares dropped over 10% Wednesday, hitting a new intraday low despite opening higher than Tuesday’s close. The stock slipped 10.1% to $601.05, down from $668.63 at the previous session’s end.
China probes Trip.com for monopoly conduct and the stock slides
China’s market watchdog launched an antitrust probe into Trip.com Group, the country’s largest online travel agency, amid allegations of monopolistic practices. Shares of the Hong Kong-listed company dropped 6.5%, closing at HK$569.50.
Salesforce stock slips in regular trade as AI worries linger despite Slackbot rollout
Salesforce shares fell about 0.6% to $239.72 on Wednesday, tracking a broader pullback in U.S. equities as the S&P 500 and Nasdaq ETFs slid.
Super Micro Computer stock steadies as Goldman starts SMCI at “sell,” flags margin squeeze
Super Micro Computer shares hovered near $28.6 Wednesday morning, barely moving after Goldman Sachs kicked off coverage with a “sell” rating and pegged a $26 price target.
Micron stock in focus as retail traders crowd memory names and BofA lifts target to $400
Micron Technology, Inc. shares dipped roughly 0.7% to $335.63 Wednesday morning, slipping back after an impressive rally earlier this year.
UiPath stock slides after CEO Daniel Dines sells more shares as Barclays lifts target
Shares of UiPath Inc dropped 3.4% to $15.43 by 10:28 a.m. EST on Wednesday, continuing their slide from Tuesday’s close at $15.97.
BigBear.ai stock slips premarket as BBAI nears note-conversion deadline and dilution test
BigBear.ai Holdings, Inc shares slipped roughly 3.3% to $6.09 in premarket Wednesday, shedding part of the previous day’s rally. Investors are zeroing in on an upcoming deadline linked to the company’s convertible notes.
AMD stock slides after Tuesday surge as KeyBanc flags 2026 server CPU crunch, TCS AI pact in focus
Shares of Advanced Micro Devices slipped 1.7% to $217.27 in early Wednesday trading, following a sharp 6.4% gain the day before. The stock had closed Tuesday at $220.97.
Tesla stock slips as Musk pulls $8,000 Full Self-Driving option, goes subscription-only
Tesla shares dipped about 0.4% to $447.20 in early Wednesday trading, after closing at $449.04 Tuesday. CEO Elon Musk announced the company will stop selling its Full Self-Driving software outright, switching to a monthly subscription model starting Feb. 14. The driver-assistance package, now called “FSD,” currently costs U.S. buyers $8,000 upfront or $99 per month. U.S. safety regulators launched an investigation last year into 2.88 million Teslas with the system, following over 50 reports of crashes and traffic-safety issues.
Palo Alto Networks stock swings on China cybersecurity clampdown report — what to watch for PANW
Palo Alto Networks, Inc. shares swung in premarket Wednesday after Reuters reported that Chinese authorities instructed local firms to halt use of cybersecurity software from around a dozen U.S. and Israeli providers. The list includes Palo Alto, VMware, Fortinet, and Israel’s Check Point Software. Palo Alto’s stock was last up roughly 1%, trading at $190.85.
Arista Networks stock jumps 5% as AI-switch demand stays front and center
Shares of Arista Networks climbed 5.3% on Tuesday, closing at $129.93, and were steady near that mark ahead of Wednesday’s session.
TechStock² Updates
![Australia Stock Market Today 27/08/2026 [UPDATE: 13:40 AEST] [Spending Beat Pins ASX Near Session Low as MinRes Gains]](https://ts2.tech/wp-content/uploads/2026/08/AU-market-dashboard-2026-08-27-1340-480x384.jpg "Australia Stock Market Today 27/08/2026 [UPDATE: 13:40 AEST] [Spending Beat Pins ASX Near Session Low as MinRes Gains]")
