Stock Markets March 3, 2026

Micron, MongoDB Lead Broad Market Moves as Chips and Software Stocks Slump

Semiconductor names and select software and mining stocks drive much of the selling, while pockets of gains appear in hydrogen, apparel and small-cap tech

By Caleb Monroe MU AMAT LRCX KLAC INTC
Micron, MongoDB Lead Broad Market Moves as Chips and Software Stocks Slump
MU AMAT LRCX KLAC INTC

Equity markets on Tuesday saw pronounced rotation across market-cap tiers, with major semiconductor and enterprise software names among the heaviest decliners. Micron Technology and MongoDB were notable losers, while a handful of mid- and small-cap companies posted double-digit gains after corporate developments. Below is a categorized roundup of the largest percentage movers by market-cap segment.

Key Points

  • Semiconductor and equipment stocks, led by Micron and related suppliers, were among the largest mega-cap decliners.
  • MongoDB fell sharply on weak guidance despite reporting a quarterly earnings and revenue beat, weighing on the large-cap software cohort.
  • Select mid- and small-cap companies posted double-digit gains tied to management changes, strategic transactions, and quarterly revenue beats.

Trading on Tuesday produced a wide mix of winners and losers as company-specific news and broader market dynamics pushed many names sharply higher or lower. Declines were concentrated among several large-cap semiconductor stocks and parts of the software sector, while individual mid- and small-cap announcements sparked outsized rallies in select issues.


Mega-Cap Movers (Market Cap: $200 billion USD or higher)

  • Micron Tech (MU); Micron ships 256GB low-power memory samples for AI servers -7.17%
  • Applied Matls Inc (AMAT) -5.17%
  • Lam Research Corp (LRCX) -5.15%
  • Kla-tencor Corp (KLAC) -4.86%
  • Intel Corp (INTC) -4.84%
  • Alibaba-exch (BABA); US Mulls Capping Nvidia H200 Sales At 75,000 Per Chinese Buyer - Bloomberg -4.4%
  • Caterpillar (CAT) -3.9%
  • Philip Morris Intl (PM) -3.33%
  • Adv Micro Device (AMD); US Mulls Capping Nvidia H200 Sales At 75,000 Per Chinese Buyer - Bloomberg -3.35%
  • General Electric (GE) -2.84%

The largest mega-cap declines were centered in semiconductor equipment and memory-related names, with Micron down after the company shipped low-power 256GB samples for AI server use, and other chipmakers and equipment suppliers posting mid-single-digit losses.


Large-Cap Stock Movers (Market Cap: $10-$200 billion USD)

  • MongoDB (MDB); MongoDB stock plunges 20% on weak guidance, despite Q4 earnings, revenue beat -19.49%
  • Sea Limited (SE) -16.52%
  • Credo Technology Holding (CRDO); Credo Technology shares tumble 10% despite better-than-expected Q3 results -13.84%
  • Hecla Mining Comp (HL) -12.65%
  • AngloGold Ashanti Ltd (AU) -11.38%
  • Coeur dAlene Mines Corp (CDE) -10.97%
  • Rambus Inc (RMBS) -10.6%
  • Regencell Bioscience Holdings (RGC) -9.58%
  • AeroVironment (AVAV); AeroVironment in talks with Space Force on SCAR contract terms +11.02%
  • Pinterest Inc (PINS) +9.58%

Among large-caps, MongoDB was the standout decliner after the company issued weak guidance even as it reported a quarterly earnings and revenue beat. The large-cap list also included mining names with notable drops and a couple of positive movers tied to contract discussions and platform momentum.


Mid-Cap Stock Movers (Market Cap: $2-$10 billion USD)

  • Plug Power (PLUG); Plug Power names Jose Luis Crespo as new CEO +28.73%
  • Kontoor Brands (KTB); Kontoor Brands beats estimates on strong Helly Hansen addition +21.07%
  • Ingram Micro Holding Ltd (INGM); Ingram Micro posts strong Q4 revenue growth, shares shoot up 10% +14.89%
  • Rackspace Technology Inc (RXT) +15.54%
  • StoneCo Ltd (STNE) -15.56%
  • Surgery Partners Inc (SGRY) -14.11%
  • Alamo Group Inc (ALG); Alamo Group posts disappointing Q4 results, shares edge lower -13.92%
  • Mudrick Capital A (HYMC) -13.48%
  • AXT Inc (AXTI) -12.44%
  • Polestar Automotive Holding Plc (PSNY) -10.89%

Mid-cap action was mixed, with Plug Power rallying sharply after a top-management change and Kontoor Brands posting gains tied to its Helly Hansen addition. Ingram Micro drew a notable positive reaction after strong quarterly revenue growth, while several other mid-cap names moved lower on reported results or broader selling.


Small-Cap Stock Movers (Market Cap: $300 million - $2 billion USD)

  • j2 Global (ZD); Ziff Davis to sell Connectivity division to Accenture for $1.2B +58.05%
  • Braiin (BRAI) +38.39%
  • Paysafe (PSFE); Paysafe surges over 9% on strong earnings beat despite revenue miss +21.42%
  • Tree.com (TREE) +21.28%
  • Rackspace Technology Inc (RXT) +15.54%
  • Cerus Corp (CERS); Cerus falls 7% after posting in-line Q4 earnings, revenue beat -15.02%
  • Uniqure Nv (QURE); Mizuho downgrades uniQure stock rating on regulatory hurdles -14.57%
  • ThredUp (TDUP) -21.26%
  • Imprimis Pharmaceuticals Inc (HROW); FDA clears Harrow’s Phase 3 trial for post-cataract surgery drug -24.47%
  • Theravance Biopharma Inc (TBPH); Theravance to cut costs 60% after drug trial fails primary endpoint -26.7%

In the small-cap universe, corporate transactions and clinical trial developments drove some of the biggest moves. j2 Global leapt after an announced sale of a division, while several biopharma names moved lower following regulatory updates or trial outcomes referenced in company statements.


This roundup reflects the largest percentage changes called out across market-cap groupings for Tuesday. The shifts underscore how company announcements - from product sampling and guidance to leadership changes and transaction news - can produce rapid re-pricing across market-cap segments.

Risks

  • Company guidance and outlooks can prompt significant share-price moves, as evidenced by MongoDB's large decline despite a quarterly beat - this affects enterprise software and cloud-linked names.
  • Potential regulatory or policy actions referenced for certain names could influence market sentiment, as reflected in mentions of a possible cap on Nvidia H200 sales tied to Alibaba and AMD - this impacts semiconductor and hardware markets.
  • Clinical trial outcomes and regulatory decisions can drive steep volatility in biotech and small-cap pharmaceutical stocks, as shown by the moves in Theravance and Harrow-related issues.

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