Live Nasdaq Composite: Tech Stocks Lose Footing as Markets Hunt Direction

By Gerelyn Terzo Updated Feb 17, 1:16PM EST · Published Feb 17, 10:05AM EST

Quick Read

Micron fell 3% on $200M AI memory chip capex announcement.
Strategy purchased 2,486 more Bitcoins below $68K each. Total holdings now 717,131 BTC.
Wedbush forecasts Apple will launch AI solution in 2026 via Google Gemini partnership.

Live Updates

Palantir Moves

Feb 17, 2026 at 1:15 PM EST

Palantir Technologies (Nasdaq: PLTR) has announced it has relocated its headquarters from Denver, Colorado to Miami, Florida. The stock is down fractionally today and down a steep 26.2% year-to-date, slashing its 12-month return to 10%.

Softbank Unloads NVDA Stock

Feb 17, 2026 at 11:14 AM EST

According to recent filings, Japan’s Softbank unloaded over 32 million shares of Nvidia (Nasdaq: NVDA) stock at year-end 2025, during which time NVDA stock hovered in the range of $170-$206 per share. Softbank’s proceeds from the sale are estimates between $5.5 billion and $6.6 billion. Nvidia stock is up 0.77% at last check.

Fed Speak

Feb 17, 2026 at 10:05 AM EST

The Fed’s Austan Goolsbee is making the speaking rounds, offering his two cents on inflation and rates. He believes that as long as services inflation remains elevated, further interest rate cuts become more likely, pointing to the potential for “several more” moves toward accommodative policy.

This article will be updated throughout the day, so check back often for more daily updates.

The markets are hunting direction this morning as technology stocks continue their downward descent. Software names are under pressure, including the likes of Microsoft (Nasdaq: MSFT | MSFT Price Prediction), on the AI fear trade. Chip/semiconductor software stocks are also under pressure, including companies such as Broadcom (Nasdaq; AVGO), Advanced Micron Devices (Nasdaq: AMD) and Micron (Nasdaq: MU), the latter of which is sinking by 3% today amid its $200 million AI memory chip capex blitz to get the supply chain moving. Safe-haven assets are also under pressure, including precious metals gold and silver as well as digital gold Bitcoin.

Here’s a look at where things stand as of morning trading:

Dow Jones Industrial Average:49,631.92 Up 100.75 (+0.20%)
Nasdaq Composite: 22,436.54 Down 114.26 (-0.51%)
S&P 500: 6,823.22 Down 10.95 (-0.16%)

Market Movers

Wedbush is touting Apple (Nasdaq: AAPL) stock, forecasting that the iPhone maker will roll out its AI solution in 2026 amid a strategic partnership with Alphabet’s (Nasdaq: GOOGL) Google and its Gemini assistant. Apple stock has been caught in the tech sell-off, but Wedbush says AI could boost the share price by up to $100 in the coming years.

Netflix (Nasdaq: NFLX) is down less than 1% today after Warner Bros. and Paramount resumed takeover talks.

Michael Saylor’s Strategy (Nasdaq: MSTR) has been at it again, adding to its balance sheet tally with another 2,486 Bitcoins, paying on average below $68,000 for each one, which could be a bargain if BTC returns to the $100,000 threshold. The latest buying spree buoys Strategy’s total portfolio to 717,131 BTC.

Ray Dalio’s stock portfolio as of year-end 2025 included stock leaders like Nvidia, Lam Research (Nasdaq: LRCX), Salesforce (NYSE: CRM), Google, Microsoft, Amazon (Nasdaq: AMZN), Adobe (Nasdaq: ADBE) and GEV (NYSE: GEV).

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About the Author Gerelyn Terzo →

Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.