AI Stocks Close — Wednesday, June 24, 2026 at 2:33 PM

🔔 AI Stocks Close — Wednesday, June 24, 2026 at 2:33 PM

Closes: SPX 7,358.22 (-0.10%) · NDX/Nasdaq Comp 25,476.64 (-0.43%) · DJI 51,848.90 (+0.35%)
Day narrative: A morning bounce off Tuesday's chip rout faded by lunch — the Dow held green on defensives, but the Nasdaq slid back red as semis stayed heavy into Micron's after-the-bell print.

Sectors: Best Financials/Industrials (Dow-led, modest green) · Worst Technology / Semiconductors (chips dragged again)

Movers:
• MU -0.31% regular ($1,048.51) — bounced intraday into the print, then exploded +13% AH on a blowout
• QCOM -3.29% ($197.41) — slid into its Data Center Investor Day; unveiled "Dragonfly" AI chips, Modular acquisition
• ORCL -4.62% ($157.53) — heavy as the AI-capex trade stayed under pressure
• NVDA -0.50% ($199.00) — clung just under the $5T line in a choppy tape
• AVGO +0.51% ($382.07) — firmer on custom-silicon momentum, OpenAI/hyperscaler demand
• IONQ -7.35% ($53.60) · SMCI -4.83% ($31.71) — high-beta AI names took the brunt

After-hours / Earnings:
• MU reported a massive beat — fiscal Q3 revenue $41.46B (vs ~$35.6B est, ~$33.5B guide), non-GAAP EPS $25.11 (vs ~$20.60 est), and guided FQ4 to a stunning $50.0B ±$1.0B with ~86% gross margin. Stock +13.26% AH (~$1,187.50) on record HBM/data-center demand. (Note: figures are Yahoo Finance / company-reported; gross-margin print and HBM color came in well above Street.)
• ARM +3.29% AH ($370.90) · QCOM +6.28% AH ($209.82) — chip names caught a sympathy bid post-MU

Watchlist:
• MU $1,048.51 (-0.31% day, +13.26% AH)
• NVDA $199.00 (-0.50% day)
• MSFT $365.46 (-2.27% day)
• GOOGL $345.29 (-0.23% day)
• META $557.80 (-0.78% day)
• AMZN $234.27 (+0.07% day, +0.16% AH)
• AAPL $293.08 (-0.41% day, +0.22% AH)
• AMD $519.74 (-0.02% day)
• TSLA $375.53 (-1.59% day)
• PLTR $114.18 (-2.16% day)
• ARM $359.08 (-2.00% day, +3.29% AH)
• SMCI $31.71 (-4.83% day)
• ORCL $157.53 (-4.62% day)
• SOUN $6.34 (-1.55% day, +0.28% AH)
• IONQ $53.60 (-7.35% day, +1.70% AH)
• BBAI $3.63 (-3.71% intraday)
• AVGO $382.07 (+0.51% day, +1.26% AH)
• CRM $153.37 (-0.03% day)
• ADBE $196.57 (-0.44% day, -0.10% AH)
• IBM $263.34 (-0.60% day)
• SNOW $225.72 (-2.04% day)
• MDB ~$320.97 (latest available, +0.57% — clean June 24 close not separately verified)
• NET $223.43 (-0.01% day)
• CRWD $671.32 (-1.41% day)
• TSM $436.09 (-0.07% day)
• ASML $1,734.13 (-2.49% day)

Macro: Lingering rate-hike chatter (BofA note) and an Asian-market wobble that sparked the multi-day chip selloff stayed in the backdrop; no single new catalyst, but risk appetite in AI names was thin.
Tomorrow: Digest the full Micron call — HBM sold-out commentary and the $50B Q4 guide will set the tone for the whole memory/chip complex (NVDA, AMD, TSM, ASML). Watch for QCOM Investor Day follow-through and any read-through to the AI-capex names (ORCL, AVGO). Anthropic and OpenAI remain private — only IPO/funding chatter, nothing tradable yet.