3 Nasdaq Stocks Trending Lower This Afternoon

A rebound in tech is helping fuel an upbeat Friday session on Wall Street. Below, we’ll take a closer look at three tech stocks bucking the positive trend today. 

Chip Stock Acquires VORAGO

• Microchip Technology Inc (NASDAQ:MCHP) is making noise, trading 0.5% lower after sharing news it has acquired VORAGO, with the intention of growing its chip portfolio with patented radiation-hardening technology. 
• MCHP remains 17.6% higher for 2026, though the equity is now pacing for a fourth-straight daily loss.

Another SpaceX Victim Struggling Today

• AST SpaceMobile Inc (NASDAQ:ASTS) is plummeting 10.1% this afternoon, after news of the SpaceX acquisition of Grain Managements' portfolio. The telecom giant has been struggling this week, now headed for a third-straight daily drop and its lowest close since November.
• ASTS has lost nearly 30% in 2026, with several breakout attempts rejected by the overhead 50-day moving average. 

AI Stock Stung By Growth Plans

• Gorilla Technology Group Inc (NASDAQ:GRRR) is trading 12.4% lower at $10.49 today, as investors turn their noses up at news of the AI giant's acquisition of a U.S. data center, suggesting the plan as attention-grabbing and lacking financial plans.
• Today's selloff has the shares gapping below the year-to-date breakeven level and back trading near its late-April lows. For the fourth quarter, GRRR has already shed 23%.