Stock Market Update
25-Feb-26 14:30 ET
S&P 500 +0.8% as AXON jumps 18%, SMCI +6.9%; GDDY falls 15% on guidance
Dow +261.89
at 49435.28,
Nasdaq +292.02
at 23155.71,
S&P +55.20
at 6945.26
[BRIEFING.COM] The S&P 500 (+0.80%) is in second place on Wednesday afternoon, up about 55 points.
Briefly, S&P 500 constituents Axon (AXON 522.90, +80.39, +18.17%), Western Digital (WDC 290.12, +19.55, +7.23%), and Super Micro Computer (SMCI 33.27, +2.14, +6.87%) pepper the top of the standings. AXON is firmly higher after last night's Q4 beat, while SMCI jumps after announcing a new enterprise AI platform with VAST Data, combining Supermicro GPU/storage servers with VAST’s AI software stack. Investors cheered the move as it positions SMCI at the forefront of rapidly deployable AI infrastructure for enterprises.
Meanwhile, GoDaddy (GDDY 78.50, -13.80, -14.95%) is underperforming as its Q1 and FY26 revenue guidance came in slightly below Wall Street estimates, signaling slower growth ahead. Despite a Q4 EPS beat, investors focused on the softer forward outlook, triggering a sharp selloff.
