Stock Market 16 February 2026

Sandisk Stock Pulls Back After Nasdaq-100 Boost as Evercore Sees $1,200 on AI Storage Demand

Sandisk Stock Pulls Back After Nasdaq-100 Boost as Evercore Sees $1,200 on AI Storage Demand

Sandisk shares fell 2.2% to $932.01 Tuesday after a record 11.8% jump Monday, ahead of its addition to the Nasdaq-100 on April 20. Evercore ISI set a $1,200 price target, citing AI-driven NAND demand, while Citi raised its target to $980. Sandisk and China’s YMTC each held 11.8% of the global NAND market last year. The company reports fiscal Q3 results on April 30.
April 14, 2026
Microsoft stock (MSFT) pauses at $401 as AI spending doubts linger — what to watch next

Microsoft stock (MSFT) pauses at $401 as AI spending doubts linger — what to watch next

Microsoft shares closed at $401.32 on Friday, down about 17% year-to-date and erasing roughly $613 billion in market value. U.S. markets will be closed Monday for Presidents Day. Investors remain focused on upcoming U.S. inflation data and Nvidia’s results, as Microsoft faces pressure over AI spending, slower cloud growth, and increased regulatory scrutiny.
February 16, 2026
Amazon stock: $343 billion wiped off value as AI spending fears hang over Tuesday’s reopen

Amazon stock: $343 billion wiped off value as AI spending fears hang over Tuesday’s reopen

Amazon shares have dropped 13.85% in 2026, erasing about $343 billion in market value as investors question heavy AI spending. The company closed Friday at $198.79, with markets shut Monday for Presidents Day. Amazon plans $200 billion in capital expenditures this year while free cash flow has fallen to $11.2 billion. Markets reopen Tuesday with traders watching Fed minutes and U.S. economic data.
February 16, 2026
Apple stock set for Tuesday reboot as March 4 event invite lands after AAPL’s rough week

Apple stock set for Tuesday reboot as March 4 event invite lands after AAPL’s rough week

Apple shares closed at $255.78 on Friday, down 2.3% for the day and nearly 8% for the week. The company has scheduled a “special Apple Experience” event for March 4 in New York. Apple’s market value has dropped about $256 billion since the start of 2026, now at $3.76 trillion. The week ahead includes Walmart earnings and key U.S. economic data releases.
February 16, 2026
Sandisk stock price: what could move SNDK after Presidents Day as Fed minutes, Nvidia results loom

Sandisk stock price: what could move SNDK after Presidents Day as Fed minutes, Nvidia results loom

Sandisk shares closed down 0.5% at $626.56 on Friday ahead of a market pause for Presidents Day. The stock traded in a wide range as investors reassessed AI spending and its impact on storage demand. Sandisk forecast third-quarter revenue of $4.40–$4.80 billion, citing increased SSD deployments linked to AI infrastructure. The Federal Reserve minutes and Nvidia’s upcoming results may influence trading this week.
February 16, 2026
Tesla stock price in focus after FSD subscription switch as TSLA heads into post-holiday trade

Tesla stock price in focus after FSD subscription switch as TSLA heads into post-holiday trade

Tesla has ended U.S. sales of its Full Self-Driving feature as a one-time purchase, shifting to a $99 monthly subscription, Business Insider reported. Tesla shares last closed at $417.44, up 0.1%, with U.S. markets shut Monday for Washington’s Birthday. The stock reopens Tuesday as traders await retail sales data and Fed minutes for direction on rates.
February 16, 2026
Nvidia (NVDA) stock: Blackwell Ultra test data lands as AI spending worries shadow the next session

Nvidia (NVDA) stock: Blackwell Ultra test data lands as AI spending worries shadow the next session

Nvidia said its new Blackwell Ultra platform delivers up to 50 times higher inference throughput per megawatt than its previous generation, as major cloud providers begin deploying the technology. Nvidia shares last closed at $182.81, down 2.21%, amid investor concerns over AI spending and an $89.67 billion drop in market value since January. U.S. markets were closed Monday for Presidents Day. AMD announced a new AI data center partnership in India.
February 16, 2026
Thermo Fisher stock slips into Presidents Day break as TMO extends slide — what investors watch next

Thermo Fisher stock slips into Presidents Day break as TMO extends slide — what investors watch next

Thermo Fisher Scientific shares closed at $504.82 Friday, down nearly 1% and marking a four-session slide ahead of Monday’s market holiday. The company’s stock has dropped about 6.5% since Feb. 10. Thermo Fisher recently priced $3.8 billion in senior notes to help fund its pending $9.4 billion Clario acquisition, which remains subject to regulatory approval. Investors await Tuesday’s market reopen and key U.S. economic data next week.
February 16, 2026
Chevron stock price: Greece gas deal sets up CVX for Tuesday trade

Chevron stock price: Greece gas deal sets up CVX for Tuesday trade

Chevron and Helleniq Energy signed leases Monday to explore for natural gas in four deep-water blocks off Greece, covering 47,000 square kilometers. Chevron shares last closed up 0.73% at $183.74 on Friday, with U.S. markets shut Monday for Presidents Day. Oil prices rose, with Brent settling at $68.65 a barrel. Investors await U.S.-Iran talks Tuesday and an OPEC+ policy meeting March 1.
February 16, 2026
Boeing stock price: What to watch after Presidents Day as the 737 ramp comes back into view

Boeing stock price: What to watch after Presidents Day as the 737 ramp comes back into view

Boeing shares closed up 1.51% at $242.96 Friday, ahead of a U.S. market holiday. The company delivered 46 jets in January and logged 103 net new orders, outpacing Airbus. Boeing plans a 15% output increase over 18 months, with a fourth 737 MAX line opening midsummer. Cash flow projections for 2026 hinge on resolving certification delays and ramping production.
February 16, 2026
Seagate stock is frozen for Presidents Day — here’s what traders watch Tuesday

Seagate stock is frozen for Presidents Day — here’s what traders watch Tuesday

Seagate shares closed down 1.2% at $425.99 Friday ahead of a $600 million exchange of Seagate HDD Cayman notes, expected to close around Feb. 17. U.S. markets will be closed Monday for Presidents Day, with trading set to resume Tuesday. The exchange involves cash and unregistered shares, with investors watching for impacts on Seagate’s share count and debt.
February 16, 2026
Spotify stock price pauses today — what could move SPOT when U.S. trading returns

Spotify stock price pauses today — what could move SPOT when U.S. trading returns

Spotify shares paused at $458.34 with U.S. markets closed Monday for Washington’s Birthday, after rising 2.8% Friday. The company reported record Q4 user growth to 751 million monthly active users and 290 million premium subscribers. Spotify forecast Q1 revenue of 4.5 billion euros and 293 million premium subscribers. Analysts flagged AI risks and new price hikes as key issues for Tuesday’s reopening.
February 16, 2026
Citigroup stock price: What to watch as Citi shares return Tuesday after a sharp pullback

Citigroup stock price: What to watch as Citi shares return Tuesday after a sharp pullback

U.S. markets are closed Monday for Presidents Day, with trading set to resume Tuesday. Citigroup shares last finished at $110.86, down 10% from a Feb. 9 high after a four-day slide. CEO Jane Fraser’s 2025 pay rose 22% to $42 million, citing record revenue and regulatory progress. Investors await U.S. retail sales and Fed minutes this week for signals on rates and bank stock direction.
February 16, 2026
IBM stock price steadies near $262 as Wall Street closes for Presidents Day — what to watch next

IBM stock price steadies near $262 as Wall Street closes for Presidents Day — what to watch next

IBM shares closed up 1.1% at $262.38 on Friday, snapping a four-day losing streak and outperforming Microsoft and Alphabet. U.S. markets are closed Monday for Presidents Day, with trading set to resume Tuesday. IBM plans to triple U.S. entry-level hiring in 2026, even as automation expands. The stock remains about 19% below its November high.
February 16, 2026
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