Apple Shares Fall as Nasdaq Drops 1.18% and Nvidia Slumps Over 5%
On February 26, 2026, the S&P 500 fell 0.54% and Nasdaq dropped 1.18% as Nvidia slumped over 5%, triggering profit-taking in AI-related names and dragging Apple shares lower. Investors rotated out of AI-exposed sectors while the Dow rose 0.1% due to lower tech weighting.
1. Broad Market Decline
On February 26, the S&P 500 declined 0.54% and the Nasdaq Composite shed 1.18%, extending a pullback in technology stocks. The Dow Jones Industrial Average bucked the trend, rising 0.1% thanks to its lower exposure to high-flying tech names.
2. Nvidia’s Earnings-Driven Sell-Off
Nvidia shares fell more than 5% despite beating revenue and profit estimates, as investors took profits and questioned whether AI growth can sustain current valuations. The chipmaker’s pullback sparked broader skepticism across AI-focused stocks.
3. Apple Caught in Sector Rotation
Apple stock joined other tech giants in the sell-off, sliding alongside Alphabet and Amazon. The move reflects a rotation out of AI-exposed sectors, raising questions about the durability of this year’s elevated growth expectations for hardware and software providers.