Stock Market 3 March 2026

Palo Alto Networks shares jumped 4% to $156.21 Tuesday after Wells Fargo began coverage with a $200 price target, citing a favorable entry point despite recent declines. The gain came as U.S. stocks broadly fell on Middle East tensions. Palo Alto announced new AI and 5G security partnerships at Mobile World Congress. Investors remain wary after the company cut its 2026 profit forecast last month due to higher acquisition costs.

Bloom Energy shares dropped 5.8% to $156.41 in midday trading Tuesday, reversing part of their 2024 rally. Melius Research cited surging AI data-center demand for on-site fuel cells but warned the stock looks expensive. Traders are watching Bloom’s March conference appearances and its next earnings report, expected May 6. Broader market losses and rising energy prices also pressured the stock.

MongoDB shares fell 20.4% to $258.63 Tuesday after the company issued a weaker-than-expected first-quarter profit outlook and reported slightly slower growth in its Atlas cloud database product. The drop erased about $7.5 billion in market value. Atlas revenue grew 29% in the fourth quarter, while total revenue rose 27% to $695.1 million. Broader software stocks traded unevenly as investors awaited Friday’s U.S. jobs report.

Broadcom shares fell about 3% Tuesday after RBC Capital cut its price target to $340, citing valuation and uncertain long-term AI demand. The decline came ahead of Broadcom’s quarterly results due March 4, as chip stocks and the broader market dropped on renewed inflation fears tied to rising energy prices from Middle East tensions.

Sandisk Corp shares dropped 7.2% to $574.26 in early Tuesday trading, after closing at $619.08 on Monday. The decline followed a broader tech selloff, with the Nasdaq Composite down 2% at the open as oil prices surged and Middle East tensions escalated. Western Digital, Micron, and Seagate also fell. Investors await Sandisk’s remarks at a Morgan Stanley conference later today.