AI Stocks Close — Friday, June 26, 2026 at 2:25 PM

🔔 AI Stocks Close — Friday, June 26, 2026 at 2:25 PM

Closes: SPX 7,354.02 (-0.05%) · Nasdaq Comp 25,297.62 (-0.24%) · DJI 51,876.11 (-0.09%)
Day narrative: A textbook rotation — software ripped while chips got dragged to the woodshed, leaving the headline indexes near flat. The Nasdaq Composite booked its fifth straight losing session as a hot PCE print and the OpenAI-IPO-delay scare pushed money out of AI hardware and into software and defensives.

Sectors: Best Software (IGV +4.06%) · Worst Semiconductors (SMH -3.97%)

Movers:
• SNOW +9.65% — software bid was relentless; Snowflake led the group
• MSFT +5.71% — mega-cap software haven trade
• IBM +4.82% — momentum from its sub-1nm process reveal
• MU -6.69% — gave back a chunk of its post-earnings blowout in the chip rout
• ARM -5.33% — epicenter of the hardware selloff alongside the SoftBank/OpenAI overhang
• AVGO -3.67% — broad semiconductor de-risking hit the connectivity/AI-chip names

After-hours / Earnings:
• Quiet bell — no marquee reports. MU ticked +0.23% AH ($1,134.94), CRM -0.36%, NVDA -0.12%, BBAI +0.29%. Nothing that changes the tape.

Watchlist:
• MU $1,132.33 (-6.69% day, +0.23% AH)
• NVDA $192.53 (-1.64% day, -0.12% AH)
• MSFT $372.97 (+5.71% day)
• GOOGL $337.39 (-1.84% day)
• META $550.25 (+1.36% day)
• AMZN $232.69 (+2.50% day)
• AAPL $283.78 (-0.43% day)
• AMD $521.58 (-2.06% day)
• TSLA $379.71 (+1.22% day)
• PLTR $112.77 (+5.12% day)
• ARM $329.16 (-5.33% day)
• SMCI $30.63 (-3.31% day)
• ORCL $148.68 (-2.48% day)
• SOUN $6.41 (+3.22% day)
• IONQ $49.31 (-2.47% day)
• BBAI $3.48 (+2.05% day, +0.29% AH)
• AVGO $365.02 (-3.67% day)
• CRM $158.37 (+5.45% day, -0.36% AH)
• ADBE $202.73 (+4.82% day)
• IBM $270.73 (+4.82% day)
• SNOW $248.96 (+9.65% day)
• MDB $314.01 (+6.77% day)
• NET $227.74 (+0.48% day)
• CRWD $701.09 (+3.31% day)
• TSM $434.99 (-1.32% day)
• ASML $1,794.62 (-2.53% day)

Macro:
• May PCE ran hot — headline 4.1%, core 3.4%, a three-year high — stoking fears new Fed Chair Kevin Warsh could restart rate hikes.
• Report that OpenAI may push its IPO to 2027 (chasing a valuation up to $1T) hammered SoftBank ~12% and rattled the whole AI-hardware complex.
• Korean memory names (Samsung, SK Hynix) fell hard on the same AI/rate jitters; both are summoned to a government meeting next week.

Tomorrow: Weekend — markets closed; cash-equity action resumes Monday, June 29. Watch the quarter-end rebalance and the index milestone: Alphabet (GOOGL) joins the Dow on Monday, bumping out Verizon. Keep an eye on whether the software-over-chips rotation holds or mean-reverts after the PCE shock.