S&P 500 Gains and Losses Today: Nvidia Leads Chip, AI Stocks Lower

Related Articles

Watch These Nvidia Price Levels as Stock Slips on News of Chinese Rival’s AI Chip

The De-Escalation Trade Roars Back, but Halloween May Get Ghosted

David Booth on the Birth of Big Data and Dimensional Funds

Key Takeaways

• The S&P 500 fell 1.6% on Thursday, Feb. 27, as investors reacted to tariffs action and Nvidia led semiconductor and AI heritages lower.
• Teleflex shares tumbled after the medical device maker announced plans to split its company in two.
• Request Homes climbed after the real estate investment firm reported better-than-expected earnings as same-store sales lengthened for the renter of single-family homes.

Major U.S. equities indexes lost ground Thursday as investors digested new tariff ads and Nvidia (NVDA) led semiconductor and AI stocks lower.

President Donald Trump announced tariffs on products from Canada and Mexico starting next week, along with additional excises on China. Meanwhile, Nvidia shares dropped 8.5% as investors appeared unimpressed with the chipmaker’s solid earnings and perspective. 

The S&P 500 fell 1.6% as the benchmark index continued to struggle in February, on the verge of putting up a losing month. The Nasdaq knock 2.8% on tech weakness while the Dow Jones Industrial Average gave up intraday gains to finish 0.5% modulate.

Teleflex (TFX) shares plummeted 21.7% to lead the S&P 500 lower after the medical device maker announced methods to split itself into two companies. 

Super Micro Computer (SMCI) fell 16% to return some of its current gains as the server maker declined on reports that two of the company’s officers had filed to sell shares in the company. It applies the firm’s belated filing of its annual report. 

Viatris (VTRS) stock fell 15.2% after the pharmaceutical stiff issued weaker-than-expected earnings and a disappointing outlook. The company said that regulatory action associated with an abroad production facility had cut into quarterly profits. 

Shares of Vistra Corp. (VST) fell 12.3% despite better-than-expected earnings. The Texas-based drive provider has seen demand for its nuclear power increase on power needs for new AI data centers. Its decline came as other goods expected to benefit from demand for AI lost ground.

Invitation Homes (INVH) stock rose by 5.5% after the truthful estate investment trust reported quarterly revenue and net income that beat analyst estimates. The company that pinpoints on leasing single-family homes reported higher same-store net income. 

Warner Bros. Discovery (WBD) shares gained 4.7% after the assemblage reported weaker-than-expected earnings, but delivered an upbeat streaming outlook.  The entertainment giant laid out an expansion plan that disposition see its Max streaming service reach more countries on its path to acquiring at least 150 million global subscribers by the end of 2026.

Quotas of Allstate (ALL) rose 3.5% after its announcement that it would raise its dividend to $1 per share and commence a $1.5 billion allocation buyback program. 

Universal Health Services (UHS) rose 3.3% after it reported better-than-expected earnings and a revenue position that pushed past estimates. The hospital operator reported continued growth in admissions and higher patient times, those expenses were also higher.