AI Stocks Close
🔔 AI Stocks Close — Monday, August 3, 2026 at 2:15 PM
Closes: SPX 7,600 (+1.48%) · NDX 27,650 (+2.10%) · DJI 53,178 (+1.32%, record)
Day narrative: Two macro catalysts hit in tandem — Trump called off planned Iran strikes and opened Strait of Hormuz negotiations, crushing crude, while a coordinated U.S.-Japan yen intervention pushed Treasury yields down; growth stocks heard it loud and clear, the Dow printed a fresh all-time high, and Big Tech ran like it had somewhere to be.
Sectors: Best: Communication Services (+4%+) · Worst: Energy (crude pressure on Iran diplomacy)
Movers:
• META +6.22% — Q2 ad metrics made investors look past the EPS miss; revenue +28% YoY, ad impressions +14%, price per ad +12%, Morningstar maintains $850 fair value
• CoreWeave (CRWV) +18% — confirmed Vera Rubin platform deployment in late 2026, validating relentless AI compute demand
• NVDA +3.59% — CoreWeave's pop lit a fuse on chip sentiment heading into NVDA's own earnings tomorrow
• TSLA +3.39% — risk-on lift near 52-week lows; still carrying the scar of July 21's 1.4% operating margin quarter
• AAPL -1.27% — third straight session of post-earnings selling; CFO Kevan Parekh's "very significant" memory shortage warning for Q4 hasn't finished repricing
• MU -4.6% — lone chip laggard; Apple's memory-shortage narrative paradoxically raised near-term demand questions
After-hours / Earnings:
• PLTR reports Q2 2026 at 5 PM ET — street expects $1.81B revenue (+81% YoY) and $0.35 EPS for a 9th straight beat; options pricing ~10% swing; guidance raise or bust, AH reaction is the live number
Watchlist:
• MU ~$93 (-4.6%)
• NVDA ~$208 (+3.59%)
• MSFT $487.77 (+2.3%)
• GOOGL ~$374 (+1.8%)
• META ~$595 (+6.22%)
• AMZN $283.80 (+2.4%)
• AAPL $304.98 (-1.27%)
• AMD ~$579 (flat, earnings 8/4 AH)
• TSLA ~$313 (+3.39%)
• PLTR $125.96 (+2.36%, Q2 earnings AH live)
• ARM ~$215 (+2.1%)
• SMCI ~$97 (+1.3%)
• ORCL ~$185 (+1.8%)
• SOUN ~$8.20 (+2.5%)
• IONQ ~$18.50 (+1.7%)
• BBAI ~$5.50 (+2.2%)
• AVGO $390.74 (+2.0%)
• CRM ~$199 (+1.56%)
• ADBE ~$625 (+1.5%)
• IBM ~$238 (+0.7%)
• SNOW ~$155 (+1.5%)
• MDB ~$272 (+1.4%)
• NET ~$118 (+2.0%)
• CRWD ~$465 (+2.2%)
• TSM ~$208 (+2.0%)
• ASML ~$1,590 (+1.8%)
Macro:
• Iran: Trump called off planned military strikes; Strait of Hormuz diplomatic talks open today — crude prices retreat
• Yen: Joint U.S.-Japan intervention supporting yen → 10-year Treasury yields drop, easing growth-stock discount rates
• IPO watch: Anthropic (draft S-1 filed June 1, ~$965B valuation) and OpenAI (confidential S-1 filed June 9, ~$920B valuation) racing toward Q4 2026 public listings — no trading yet, news mentions only
Tomorrow: NVDA and AMD both report Q2 2026 after the close — biggest same-day semiconductor earnings double-header of the year; PLTR overnight reaction sets the AI software tone; Iran talks continue; Q2 earnings season in full swing