On February 27, 2026, during the pre-market session in the U.S. stock market, the majority of large-cap tech stocks experienced a downturn. Notably, Intel and Microsoft saw their stock prices drop by over 1%, while Meta's shares declined by 0.95%. Amazon's stock decreased by 0.78%, Tesla's by 0.56%, Nvidia's by 0.54%, Google's (Alphabet) by 0.53%, and Apple's by 0.24%. In stark contrast, Netflix's stock surged by over 7%.
The day before, Nvidia's stock price took a significant hit, plummeting by 5.46% following the announcement of its earnings. This sharp decline wiped out approximately $259.2 billion in market value in a single day, marking the largest decrease in 11 months. The substantial drop has raised market concerns about a potential AI bubble. Meanwhile, Google (Alphabet) continued its downward trajectory, as persistent market anxieties lingered over its capital expenditure guidance for 2026, which had doubled to a range of $175-185 billion.