Technology 20 February 2026 - 21 February 2026

Sensex slips 961 points, Nifty below 25,200 as IT AI fears cap a weak month — what to watch next week
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Sensex slips 961 points, Nifty below 25,200 as IT AI fears cap a weak month — what to watch next week

The Sensex fell 961.42 points and the Nifty 50 dropped 317.90 on Friday, led by losses in realty, metal, and FMCG shares. IT stocks slumped, with the Nifty IT index down 19.5% for February, its worst month since 2008, after U.S. firms launched new AI automation tools. Official data showed India’s economy grew 7.8% in the October-December quarter under a revised GDP series. The rupee finished February about 1% stronger.
February 27, 2026
Okta stock price slides 9% as Anthropic’s Claude Code Security spooks cyber names
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Okta stock price slides 9% as Anthropic’s Claude Code Security spooks cyber names

Okta shares dropped 9.2% to $74.29 Friday, hitting a 52-week low amid a sharp selloff in cybersecurity stocks after Anthropic launched an AI tool for code security. The broader market rose, with the Nasdaq up 0.9% and S&P 500 up 0.7%. Okta reports quarterly results March 4. Investors cited concern over AI products encroaching on traditional security roles.
February 21, 2026
Cloudflare stock tumbles after outage hit routing feature — what to watch when trading reopens
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Cloudflare stock tumbles after outage hit routing feature — what to watch when trading reopens

Cloudflare shares fell 8.05% to $177.14 on Friday after the company reported network connectivity issues affecting some “bring your own IP” customers. The incident was resolved late Friday, but some clients needed to re-advertise their IP ranges. Investors await a detailed incident report and signs of customer fallout when markets reopen Monday.
February 21, 2026
Oracle stock price slides 5% after OpenAI’s $600 billion compute plan surfaces; ORCL traders eye Nvidia next
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Oracle stock price slides 5% after OpenAI’s $600 billion compute plan surfaces; ORCL traders eye Nvidia next

Oracle shares dropped 5.4% to $148.08 in after-hours trading Friday, underperforming a U.S. market lifted by the Supreme Court’s removal of Trump-era tariffs. The decline followed headlines on OpenAI’s soaring infrastructure costs and fundraising, with investors eyeing Nvidia’s Feb. 25 results and Oracle’s 2026 funding plan for further signals.
February 21, 2026
CoreWeave stock tumbles after Blue Owl financing report rattles AI data-center trade
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CoreWeave stock tumbles after Blue Owl financing report rattles AI data-center trade

CoreWeave shares fell 8.1% to $89.25 in after-hours trading Friday after renewed concerns over debt financing for a $4 billion Pennsylvania data-center project with Blue Owl. Blue Owl disputed reports it failed to secure funding, saying it is providing $500 million in bridge financing. Options trading spiked and implied volatility rose. Investors await CoreWeave’s Feb. 26 earnings for updates on demand and financing.
February 21, 2026
Meta stock climbs after report of fresh equity-award cuts as smartwatch plan resurfaces
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Meta stock climbs after report of fresh equity-award cuts as smartwatch plan resurfaces

Meta shares rose 1.7% to $655.66 in after-hours trading Friday after reports the company cut annual stock awards by about 5% for most employees. Investors are watching Meta’s revived smartwatch plans and a Los Angeles jury trial where CEO Mark Zuckerberg denied Instagram targets children. Meta declined to comment on both the pay cuts and hardware reports.
February 21, 2026
Akamai stock tumbles 14% as profit outlook disappoints and memory costs jump
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Akamai stock tumbles 14% as profit outlook disappoints and memory costs jump

Akamai shares fell 14% in after-hours trading after the company warned that rising memory costs would hit near-term profit, forecasting first-quarter adjusted earnings below analyst estimates. The S&P 500 closed up 0.69% after the U.S. Supreme Court struck down Trump-era global tariffs. Investors await Nvidia’s results next week for signals on AI infrastructure spending.
February 20, 2026
Lam Research stock jumps on BofA top-pick call; Nvidia earnings are the next catalyst
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Lam Research stock jumps on BofA top-pick call; Nvidia earnings are the next catalyst

Lam Research shares climbed 2.4% to $243.19 Friday after BofA Securities reiterated a Buy rating and forecast $135 billion in 2026 wafer fabrication equipment spending. Nvidia, Applied Materials, and KLA also rose ahead of Nvidia’s earnings report next week, which analysts expect to show a 71% profit jump. Investors remain cautious about high valuations in AI-linked stocks.
February 20, 2026
Akamai (AKAM) stock drops as memory costs bite guidance; Wall Street watches capex, pricing
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Akamai (AKAM) stock drops as memory costs bite guidance; Wall Street watches capex, pricing

Akamai shares dropped 9.3% to $99.38 Friday after the company warned of higher memory costs and issued a weaker-than-expected first-quarter profit outlook. CEO Tom Leighton said memory prices have “probably doubled” due to AI infrastructure demand. Fourth-quarter revenue rose 7% to $1.095 billion, with security revenue up 11%. Akamai forecast 2026 capital spending at 23% to 26% of revenue.
February 20, 2026
Oracle (ORCL) stock slides as OpenAI’s $100 billion fundraise and Nvidia earnings loom
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Oracle (ORCL) stock slides as OpenAI’s $100 billion fundraise and Nvidia earnings loom

Oracle shares dropped 2.7% to $152.25 Friday morning, trailing a broader market rally after the U.S. Supreme Court struck down Trump-era tariffs. Nvidia is nearing a $30 billion investment in OpenAI as part of a funding round topping $100 billion, a source said. Investors are watching for Nvidia’s results next week for signals on AI spending and data-center expansion.
February 20, 2026
AMD stock dips on Crusoe $300 million AI-chip loan backstop report as Nvidia earnings loom
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AMD stock dips on Crusoe $300 million AI-chip loan backstop report as Nvidia earnings loom

AMD shares fell 0.3% to $202.73 Friday after reports the company will backstop a $300 million Goldman Sachs loan for AI cloud startup Crusoe to buy AMD chips. The deal would see AMD lease back hardware if Crusoe fails to find customers. Nvidia shares were little changed. Investors are focused on Nvidia’s earnings next week amid questions about real AI demand.
February 20, 2026
Meta stock rises as Zuckerberg faces jury questions and report flags fresh cost cuts
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Meta stock rises as Zuckerberg faces jury questions and report flags fresh cost cuts

Meta Platforms shares rose 1.4% to $653.84 Friday morning after CEO Mark Zuckerberg testified in a youth social media addiction trial in Los Angeles. The Financial Times reported Meta trimmed most employee stock awards by about 5% as it increases AI spending. Meta declined to comment. The company expects 2026 capital expenditures of $115 billion to $135 billion.
February 20, 2026
Micron Technology stock (MU) rises as AI infrastructure trade keeps memory chips in play ahead of March earnings
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Micron Technology stock (MU) rises as AI infrastructure trade keeps memory chips in play ahead of March earnings

Micron shares rose 2.7% to $428.49 Friday morning, lifted by tight supply and rising prices for high-end AI memory chips. Needham raised its price target to $450, citing strong demand and fully allocated HBM capacity for 2026. Samsung reportedly plans to hike HBM4 chip prices by up to 30%. Investors await Micron’s March 19 earnings for updates on pricing and supply.
February 20, 2026
Apple stock slips as iCloud lawsuit and hot inflation data jolt AAPL in early trade
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Apple stock slips as iCloud lawsuit and hot inflation data jolt AAPL in early trade

Apple shares fell 0.4% to $259.49 in early Friday trading, extending losses after West Virginia sued the company over iCloud’s alleged role in child sexual abuse material distribution. Investors also weighed hotter-than-expected inflation data and a tougher outlook for U.S. rate cuts. Apple said it is expanding safety features but denied the move was linked to the lawsuit.
February 20, 2026
Tesla stock nudges higher premarket after $59,990 Cybertruck launch and Cyberbeast price cut
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Tesla stock nudges higher premarket after $59,990 Cybertruck launch and Cyberbeast price cut

Tesla introduced a $59,990 Cybertruck and cut the Cyberbeast model to $99,990, dropping the “Luxe Package” and aiming to boost sales as EV demand softens. Shares rose 0.1% premarket. California regulators said Tesla avoided a license suspension after changing its “autopilot” marketing. Traders remain focused on margin impact and upcoming U.S. economic data.
February 20, 2026
Figma stock price today: FIG dips in premarket after AI-fueled pop, March pricing shift in focus
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Figma stock price today: FIG dips in premarket after AI-fueled pop, March pricing shift in focus

Figma shares slipped 1.2% to $25.54 in premarket trading Friday after a 6.9% surge Thursday. The company forecast 2026 revenue above expectations, but analysts flagged margin risks as Figma shifts AI features to metered credits in March. Fourth-quarter revenue rose 40% to $303.8 million. Stifel cut its price target to $30, citing uncertainty over AI-related costs.
February 20, 2026
Tencent stock price drops in Hong Kong as AI buzz shifts to newcomers, despite Yuanbao user jump
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Tencent stock price drops in Hong Kong as AI buzz shifts to newcomers, despite Yuanbao user jump

Tencent shares fell 2.06% to HK$522 in Hong Kong’s first session after the Lunar New Year, as tech stocks slid and investors rotated into “pure AI” names. Yuanbao, Tencent’s AI assistant, surpassed 50 million daily users, but traders focused on upcoming mainland market reopenings and Tencent’s March 18 results call. The Hang Seng Tech Index dropped 2.9%, while Alibaba and Baidu fell 4.9% and 6.3%.
February 20, 2026
Akamai stock dives premarket after weak outlook flags surging memory costs
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Akamai stock dives premarket after weak outlook flags surging memory costs

Akamai shares fell 8.8% to $99.94 in premarket trading after the company forecast first-quarter profit below Wall Street estimates, citing sharply higher memory costs. Revenue guidance for 2026 topped expectations, but margins are under pressure as spending rises. CEO Tom Leighton said memory prices have doubled in recent months. The stock closed at $109.59 on Thursday.
February 20, 2026
Accenture stock slumps near $215 as AI-promotion policy hits tape — what to watch next for ACN
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Accenture stock slumps near $215 as AI-promotion policy hits tape — what to watch next for ACN

Accenture shares fell 3.9% Thursday, closing at $214.95, about 45% below last year’s high. The company is now linking some senior promotions to regular use of its internal AI tools, according to an internal email cited by the Irish Times. Traders are watching U.S. inflation data due Friday and Accenture’s March 19 earnings call. The stock’s drop outpaced IBM and Cognizant amid a broader slump in software and services.
February 20, 2026
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