<div id="readability-page-1" class="page"><p>Both the S&amp;P 500 (SPX) and the Nasdaq 100 (NDX) are trading lower on Thursday as a blowout earnings report from Nvidia (NVDA) failed to subdue concerns about a bubble in AI.</p><h3>Claim 50% Off TipRanks Premium</h3><ul><li>Unlock  hedge fund-level data  and  powerful investing tools  for smarter, sharper decisions  </li><li> Stay ahead of the market with  the latest news and analysis  and maximize your portfolio's potential</li></ul> <p>NVDA is the largest holding in both SPX and NDX, with weights of 7.32% and 13.57%, respectively. Despite the semiconductor leader beating on revenue, adjusted EPS, and guidance, investors chose to focus on customer concentration risk and the uncertainty of revenue from China amid restrictive regulatory measures.</p> <h2><strong>Software, Financial Stocks Shine as Mega Caps Slide</strong></h2> <p>Other members of the Magnificent 7, including Alphabet (GOOGL), Amazon (AMZN), and Tesla (TSLA), are also showing weakness alongside semiconductor stocks like Broadcom (AVGO) and Micron (MU).</p> <p>However, software stocks are a bright spot on the day, with ServiceNow (NOW), CrowdStrike (CRWD), and Datadog (DDOG) all up by at least 4%. The financial sector is also catching a bid as the &#34;rotational bull market&#34; continues, said Piper Sandler Chief Market Technician Craig Johnson.</p></div>

CRWD

NVDA

<p>The stock market is down, with the S&P 500 and Nasdaq 100 trading lower despite Nvidia's strong earnings report. Investors are concerned about a potential AI bubble and customer concentration risks, particularly regarding revenue from China. While major tech stocks like Alphabet, Amazon, and Tesla are struggling, software stocks such as ServiceNow, CrowdStrike, and Datadog are performing well. The financial sector is also seeing gains amid a rotational bull market, according to Piper Sandler's Chief Market Technician.</p>

- The S&P 500 and Nasdaq 100 are experiencing declines as concerns over an AI bubble overshadow Nvidia's strong earnings report.  
- Despite Nvidia's strong performance, investor focus has shifted to potential risks, including customer concentration and revenue uncertainties from China.  
- Other technology giant stocks are also down, while software and financial sectors are showing positive performance amid a rotational bull market.

Tip Ranks

CrowdStrike

GraniteShares 1.25 Long TSLA Daily ETF

NVIDIA

ServiceNow

Datadog

Alphabet - C

Amazon

AXS TSLA Bear Daily ETF

T-Rex 2X Long Tesla Daily Target ETF

GraniteShares 2x Long CRWD Daily ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

Direxion Daily NVDA Bear 1X ETF

GraniteShares 2x Long NVDA Daily ETF

iShares Semiconductor ETF

T-Rex 2X Long NVIDIA Daily Target ETF

AXS 1.5X NVDA Bear Daily ETF

Direxion Daily GOOGL Bull 2X Shares

Roundhill AMZN WeeklyPay ETF

GraniteShares 2x Long AMZN Daily ETF

SPDR S&P Software

Tradr 2X Long DDOG Daily ETF

Direxion Daily AMZN Bull 2X Shares

SPDR S&P Semicon

GraniteShares 2x Long TSLA Daily ETF

Direxion Daily TSLA Bull 2X Shares

Direxion Daily NVDA Bull 2X Shares

Leverage Shares 2X Long TSLA Daily ETF

iShares Expanded Tech Software Sector ETF

T-Rex 2X Inverse Tesla Daily Target ETF

GraniteShares 2x Short NVDA Daily ETF

Simplify Volt TSLA Revolution ETF

Direxion Semicon Bull 3X

Roundhill GOOGL WeeklyPay ETF

VanEck Semiconductor ETF

Why Is the Stock Market Down Today, 2/26/26?