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Informist, Friday, Feb. 27, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Most US indices end lower; NVIDIA results fail to impress

 

MUMBAI--0732 IST--Indices in the US fell Thursday, barring the Dow Jones Industrial Average, which ended flat. The results from NVIDIA Corp. failed to impress investors despite beating estimates, with weak market sentiment weighing on tech stocks. Tech stocks have recently gained but have largely been volatile due to concerns over spending on artificial intelligence and its impact on operations of other sectors, most notably the software services sector. 

 

Shares of NVIDIA ended 5.5% lower despite its December quarter earnings beating expectations. Other stocks of chip companies, such as Broadcom, Lam Research, Western Digital, and Applied Materials ended 3–5% lower. "The market is very much in ‘prove it' mode, and Nvidia just didn't quite ‘prove it' with these earnings," Tom Graff, Facet's chief investment officer, told CNBC while raising concerns over the chipmaker's deal with OpenAI. "Nvidia is dealing with the cross-section of high expectations priced into the stock, but also a skeptical market," Graff said. "That will probably make for a bumpy ride for at least the next couple of quarters." 

 

Shares of Salesforce rose 4?ter the company beat expectations for the December quarter. The company reported a 12% year-on-year rise in its revenue of $11.20 billion against an estimate of $11.18 billion by LSEG, CNBC reported. This was its fastest growth in two years. The company has also set aside $50 billion towards new share buybacks, citing low prices as a reason, CNBC said. Shares of the company have been a victim to concerns around the possible disruption of AI in the sector. 

 

Among other stocks, shares of tech company Trade Desk fell nearly 5?ter the company's revenue forecast failed to impress investors amid rising pressure from bigger rivals, Reuters reported. Shares of food and beverage manufacturer J.M. Smucker rose nearly 9?ter the company provided solid estimates for its profit and sales. Shares of C3.ai fell nearly 19?ter the company reported weaker-than-expected sales for the reporting quarter and said it would be laying off 26% of its workforce.

 

Following are the closing levels of US indices Thursday:  

 

Index	Level	Change in %
S&P 500	6908.86	(-)0.54
NASDAQ Composite	22878.38	(-)1.18
Dow Jones Industrial Average	49499.2	0.03

 

(Akshat Saksena)

 

US$1 = INR 90.905

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Tanima Banerjee

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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