Fabrinet stock slides after T. Rowe Price filing as tech shares dip
Fabrinet shares fell 6.5% to $439.75 in afternoon trade on Thursday, down $30.75 from the prior close, after touching a session low of $431.20.
Applied Materials stock slides nearly 4% as tech cools, even after Cantor lifts AMAT target
Applied Materials shares were down 3.9% at $280.91 in afternoon trading on Thursday, after earlier dipping to $279.43. Cantor Fitzgerald raised its price target on the chip-equipment maker to $425 from $350 and kept an “overweight” rating, meaning it expects the shares to outperform. MarketBeat
Vertiv (VRT) stock drops 7% as tech traders turn picky on AI data-center plays
Shares of Vertiv Holdings fell about 7% on Thursday, trading near $159.55 and sliding as low as $158.78 after opening around $171.26.
D-Wave Quantum stock drops after $550M Quantum Circuits deal; QBTS eyes Jan. 27 Qubits event
D-Wave Quantum Inc shares were down 3.8% at $29.05 on Thursday, a day after the company unveiled a $550 million agreement to buy Quantum Circuits, a private developer of gate-model quantum hardware.
Seagate stock slides nearly 9% as AI-storage rally cools; traders refocus on Friday data
Seagate Technology Holdings fell 9.3% to $279.72 in afternoon trade, after swinging between $310.50 and $278.26. Western Digital dropped 8.0% and Sandisk fell 7.0% as the broader storage rally lost steam.
Ciena stock tumbles 14% as AI-networking names retreat — what investors watch next
Ciena Corp shares were down about 14% at $222.73 on Thursday, after ending Wednesday at $259.27 and touching $260 earlier in the session. Roughly 2.8 million shares had changed hands by early afternoon. Optical peer Lumentum Holdings fell about 11% and Coherent slid roughly 9%, while Arista Networks was down about 5%.
Silicon Motion (SIMO) stock slides about 10% as chip trade cools — what’s next
Silicon Motion Technology Corp shares fell about 10% on Thursday, giving back a chunk of a sharp two-day run in the Nasdaq-listed storage chip name. The stock was down 9.9% at $109.10 in afternoon trading, after touching $123 earlier in the session.
Why Applied Optoelectronics (AAOI) stock is down today as tech pulls back
Applied Optoelectronics slid 14.9% to $32.40 in afternoon trading on Thursday after opening at $37.91, with about 6.2 million shares changing hands. The stock hit an intraday low of $31.70.
CoreWeave stock rises as Wells Fargo trims target and insiders signal sales
CoreWeave shares rose 1.6% to $78.43 on Thursday, after Wells Fargo cut its price target on the AI cloud firm while keeping a buy-equivalent rating. The stock ranged between $76.03 and $79.92. Futu News
IREN stock jumps 6% in Nasdaq trade as bitcoin miners rebound; CES buzz and payrolls ahead
IREN Limited shares were up about 6.3% at $46.38 in midday trading on Thursday, after swinging between $42.69 and $47.57 earlier in the session.
Ford stock jumps nearly 5% as Piper Sandler upgrades, 2028 “eyes-off” tech plan in focus
Ford Motor shares rose 4.7% to $14.39 by midday on Thursday after Piper Sandler upgraded the automaker to “overweight,” a call for the stock to outperform. The gain came as the broader S&P 500 was little changed. Reuters
AST SpaceMobile stock rebounds after Scotiabank downgrade — what’s next for ASTS
AST SpaceMobile shares were up 5.9% at $90.75 in midday trading on Thursday, after swinging between $85.11 and $93.96. The stock ended Wednesday at $85.73.
Lumentum (LITE) stock sinks 11% as AI-optics rally breaks despite Needham target hike
Lumentum Holdings Inc shares fell 10.7% to $351.00 on Thursday, after touching $399.88 earlier in the session. The stock hit a low of $343.41 as the selloff spread through AI-linked hardware names.
Lam Research stock slips below $200 as chip gear makers slide; jobs report looms
Lam Research shares fell 2.2% to $198.62 on Thursday, tracking a broader drop in semiconductor names. The stock touched $195.14 at its low so far.
Kratos (KTOS) stock jumps as Marine Corps drone award puts Valkyrie back in focus
Kratos Defense & Security Solutions shares jumped 17.3% to $107.30 in morning trading on Thursday, lifting the San Diego-based defense contractor to one of the market’s strongest gainers. The move followed news tied to a U.S. Marine Corps effort that pairs Northrop Grumman’s mission systems with Kratos’ Valkyrie uncrewed aircraft. Kratos Defense
GDS stock jumps 7% as DayOne’s $2 billion funding ripples into the parent
Shares of GDS Holdings Limited climbed about 7% on Thursday, lifting the U.S.-listed stock to $41.25 in midday trading. The move pushed the shares as high as $41.60 after they opened at $39.09.
JPMorgan stock climbs on Apple Card takeover as earnings near
JPMorgan Chase & Co shares rose about 1.1% to $330.65 in late morning trading on Thursday after the bank said it will become the new issuer of Apple’s Apple Card, replacing Goldman Sachs. The deal is subject to regulatory approvals and is not expected to close for roughly two years. “This transaction substantially completes the narrowing of our focus in our consumer business,” Goldman Chief Executive David Solomon said. Reuters
Palantir stock steadies after Truist’s $223 call as investors eye next catalyst
Palantir Technologies shares were up 0.1% at $181.81 on Thursday after swinging between $180.59 and $186.89 in early trade. Truist Securities initiated coverage with a buy rating and a $223 price target, calling the stock a “best-in-class AI asset” and pointing to demand for generative AI — software that can produce text and code — across governments and companies.
Meta stock drops as China opens scrutiny of Manus AI deal
Meta Platforms shares fell on Thursday after China’s commerce ministry said it would assess and investigate the company’s acquisition of artificial intelligence startup Manus. Reuters
Mobileye stock falls as $900 million humanoid-robot deal meets a reality check
Shares of Mobileye Global fell 3.4% to $11.82 in early trading on Thursday, giving back some recent gains as investors digested the company’s push into humanoid robotics and fresh disclosure on its latest annual revenue. The stock traded between $11.73 and $12.50 after closing at $12.24 on Wednesday.
TechStock² Updates
![US Stock Market Today 08/27/2026 [UPDATE: 03:11 EDT] [Nasdaq Futures Hold 0.6% Gain as AI Rally Narrows]](https://ts2.tech/wp-content/uploads/2026/08/US-market-dashboard-2026-08-27-0301-480x384.jpg "US Stock Market Today 08/27/2026 [UPDATE: 03:11 EDT] [Nasdaq Futures Hold 0.6% Gain as AI Rally Narrows]")
