AI Stocks Close
🔔 AI Stocks Close — Wednesday, July 1, 2026 at 2:30 PM
Closes: SPX 7,474.36 (-0.21%) · NDX 29,756.00 (-1.54%) · DJI 52,245.48 (+0.06%)
Day narrative: Q3 opened with a sharp rotation — traders dumped the semiconductor names that led the best quarter since 2020 and plowed into software and mega-cap. The Dow eked out a whisper of green near its record while the Nasdaq took the chip pain.
Sectors: Best Communication Services (Meta-led, ~+2%) · Worst Technology / Semiconductors (SOX-heavy, chips down hard)
Movers:
• META +8.82% — Bloomberg report says Meta's building a cloud unit to sell its spare AI compute, taking aim at AWS, Azure and Google
• MU -10.57% — memory names unwound their post-earnings pop as Citrini flagged hyperscalers may trim DRAM use after prices ran up ~700% in four years
• PLTR +7.76% — U.S. Army picked Palantir Foundry for its top-priority NGC2 command-and-control program, stacking on the new Nvidia sovereign-AI tie-up
• ASML -7.42% and TSM -6.71% — the picks-and-shovels crowd got caught in the semiconductor de-risking
• AMD -6.25% — gave back a chunk of yesterday's 7.7% rip as the chip trade cooled
• MSFT +3.02% — hyperscalers rebounded after lagging the AI-infrastructure names since mid-May
Watchlist:
• MU $1,032.28 (-10.57% day)
• NVDA $197.58 (-1.25% day)
• MSFT $384.28 (+3.02% day)
• GOOGL $360.33 (+0.83% day)
• META $612.99 (+8.82% day)
• AMZN $241.56 (+1.35% day)
• AAPL $294.38 (+1.73% day)
• AMD $544.58 (-6.25% day)
• TSLA $425.30 (+1.12% day)
• PLTR $125.72 (+7.76% day)
• ARM $337.47 (-4.82% day)
• SMCI $27.65 (-5.73% day)
• ORCL $142.75 (-2.59% day)
• SOUN $6.71 (+3.63% day)
• IONQ $51.66 (-3.00% day)
• BBAI $3.67 (-0.82% day)
• AVGO $369.68 (-2.14% day)
• CRM $163.23 (+4.19% day)
• ADBE $210.98 (+2.91% day)
• IBM $286.31 (+1.81% day)
• SNOW $261.19 (+2.63% day)
• MDB $359.38 (+6.99% day)
• NET $246.31 (+0.42% day)
• CRWD $772.25 (+1.19% day)
• TSM $445.52 (-6.71% day)
• ASML $1,843.04 (-7.36% day, +0.16% AH)
Macro:
• Fed Chair Warsh spoke at the ECB forum and signaled inflation risks are easing — cooling the urgency for aggressive hikes
• ISM Manufacturing showed a sixth straight month of expansion, with input-cost pressures easing
• Anthropic / OpenAI IPO watch: no fresh funding or listing headlines today — both still private
Tomorrow: June jobs report (nonfarm payrolls) lands Thursday morning — the week's marquee data print, pulled forward ahead of the Friday July 4 market holiday. Watch for any read-through on the Fed's rate path.