Technology 3 March 2026 - 4 March 2026

RELX bought back 500,000 shares each on March 2 and 3, paying average prices of 2,567.20p and 2,562.31p. The company is executing a £450 million buyback through March 20 as part of £2.25 billion planned for 2026. Shares last closed up 0.8% at 2,596p. LexisNexis’ legal chief said new AI models improve the business’s position.

Applied Materials shares fell 5.6% to $351.32 in after-hours trading Tuesday, tracking a broad selloff in tech as oil prices surged and Middle East conflict escalated. U.S. crude settled up 4.7% at $74.56 a barrel, its highest since June. Chip equipment makers ASML and KLA also dropped over 6%. Traders now await U.S. jobs data due March 6.

Micron shares fell 8% to $379.83 in after-hours trading Tuesday, hitting a session low of $375.11 as memory chip stocks slumped. The company announced it is shipping samples of a 256GB low-power server memory module for AI data centers. U.S. stocks broadly declined amid rising oil prices and Middle East tensions. About 38 million Micron shares traded hands.

Analog Devices shares fell nearly 4% to $338.69 Tuesday as chip stocks slid on inflation fears tied to surging oil prices and Middle East tensions. The iShares Semiconductor ETF dropped 4.8%, while Texas Instruments and Microchip Technology also declined. Analog Devices CFO cited strong industrial and data center demand at a Morgan Stanley event. The company’s $1.10 dividend is payable March 17.

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.