AI Stocks Close
🔔 AI Stocks Close — Tuesday, August 4, 2026 at 2:15 PM
Closes: SPX 7,601 (+1.8%) · NDX ~27,800 (+2.4%) · DJI 54,135 (+1.8%)
Day narrative: Palantir detonated a ninety-three-percent revenue print from Monday night and the shockwave ran through every AI name on the board; oil's slide on US-Iran de-escalation news handed the Fed a clean inflation read heading into tomorrow's FOMC, and both the S&P and the Dow notched fresh all-time closes.
Sectors: Best: Technology (XLK, +3.0%) · Worst: Utilities / Consumer Staples (~-1.0%)
Movers:
• PLTR +29.5% — Q2 revenue +93% YoY to $1.94B, US commercial +149%, FY guidance raised to $8.15B; CEO flagged enterprise AI adoption running well ahead of any model Wall Street had built
• ARM +17.4% — PLTR's demand explosion spotlights ARM architecture as the silent royalty engine inside every AI inference stack
• SMCI +10.7% — server demand narrative surging in direct sympathy with the AI software explosion
• AVGO +6.6% — AI custom chip momentum intact; Palantir's demand data reinforces Broadcom's AI semi outlook
• AMD +7.0% — pre-earnings run all session; the story flipped after the bell (see AH section)
• INTC -7.0% — AMD's AI share-gain narrative got louder today; Intel bore the cost
After-hours / Earnings:
• AMD beat on revenue ($11.54B vs. $11.29B est.) but dropped ~8% AH to ~$477 — Helios rack-scale ramp clarity and margin expansion didn't deliver the blowout priced into the +7% session; call live at 5 PM ET
• PLTR -1% AH (~$161) — orderly profit-taking after the monster session run
Watchlist:
• MU $870 (~flat)
• NVDA $210 (+2.5%)
• MSFT $493 (+1.1%)
• GOOGL ~$372 (est., digesting Monday's +5% earnings pop)
• META ~$588 (est., digesting Monday's +7% earnings pop)
• AMZN $277 (-2.3%, giving back some of Monday's $3T crossing)
• AAPL $310 (+2.0%)
• AMD $518.58 (+7.0% session, -8% AH ~$477)
• TSLA $327 (+1.6%)
• PLTR $162.66 (+29.5% session, -1% AH ~$161)
• ARM $280.56 (+17.4%)
• SMCI $31.69 (+10.7%)
• ORCL ~+4.4% (cloud infrastructure rally; exact close est. ~$157)
• SOUN ~$6 (est.; reports Q2 tomorrow Aug 5)
• IONQ ~$35 (est.; carrying Monday's Wedbush upgrade momentum)
• BBAI ~$2.85 (est.; reports Aug 11)
• AVGO $418.16 (+6.6%)
• CRM ~$186 (est.)
• ADBE ~$252 (est.)
• IBM $226 (+1.2%)
• SNOW est. +2–3% (cloud/AI rally participation)
• MDB est. +2–3%
• NET est. +2–3%
• CRWD est. +3–4%
• TSM est. +3–4% (SOX-led semi rally)
• ASML est. +2% (EUV demand story intact)
Macro:
• Oil slid below $90/bbl (Brent) on US-Iran de-escalation signals — first real ceasefire momentum in weeks
• VIX eased to ~18.6 as the geopolitical risk premium unwound
• Dollar weakening vs. all G10 peers as haven bid fades
• FOMC decision tomorrow — cheaper oil and cooling geopolitics give the Fed cover to hold or cut
Tomorrow: FOMC rate decision (the session-defining event) · SOUN Q2 earnings · AMD call fallout digested into the open · Watch for any Iran headline risk overnight
IPO Watch (not publicly traded): Anthropic filed a draft S-1 in June at a ~$965B valuation after its $65B Series H; OpenAI filed confidentially in June at ~$920B — both targeting late-2026 listings. Anthropic edged above OpenAI's valuation for the first time in May.