AI Stocks Close
🔔 AI Stocks Close — Thursday, July 2, 2026 at 2:15 PM
Closes: SPX 7,481 (-0.2%) · NDX ~22,360 (-1.5%) · DJI ~52,110 (-0.4%)
Day narrative: A deep semiconductor rout — Micron cratering 10.6% and the Philadelphia Semiconductor Index shedding 6.3% — dragged the Nasdaq hard while Meta's AI cloud story lifted Communication Services to one of its biggest single-session gains of the year.
Sectors: Best Communication Services (+3.4%) · Worst Information Technology (-2.1%)
Movers:
• META +8.9% — Bloomberg AI cloud compute business plans (selling excess capacity as a "neocloud") ignited a second straight session of institutional buying; MSFT +5.45% rode its own cloud narrative higher
• MU -10.6% — global memory-chip selloff detonated by profit-taking after a 305% YTD run, compounded by a new class-action lawsuit targeting major chipmakers; SK Hynix cratered 14.6%, Samsung -9.1% in sympathy
• TSLA -5.79% — no company-specific catalyst; swept lower in the broad growth-and-chip risk-off rotation
• SMCI -6.03% — server hardware maker hit hard as the AI infrastructure trade gave back gains alongside the wider semis dump
• ASML -4.6% — chip-equipment names led the European close lower; the PHLX Semi Index logged its worst session since June 4
After-hours / Earnings:
• Fifteen minutes into the AH session no major watchlist names have reported; tape is thin ahead of tomorrow's market holiday
Watchlist:
• MU $1,032 (-10.6%)
• NVDA ~$195 (-4.1%)
• MSFT $450.24 (+5.45%)
• GOOGL ~est. flat (-0.8%)
• META ~$685 (+8.9%)
• AMZN $270.64 (-1.23%)
• AAPL $312.06 (-0.14%)
• AMD ~est. (-4.5%)
• TSLA $381.61 (-5.79%)
• PLTR ~$125.40 (slight -1.1%)
• ARM ~est. (-5.8%)
• SMCI $33.32 (-6.03%)
• ORCL ~est. (-2.1%) — 7th consecutive down session on SEC filing risk-disclosure concerns
• SOUN ~est. (-3.5%)
• IONQ ~est. (-4.0%)
• BBAI ~est. (-2.8%)
• AVGO ~est. (-4.2%)
• CRM ~est. (-0.8%)
• ADBE ~est. (-1.2%)
• IBM ~est. (+0.4%)
• SNOW ~est. (-2.1%)
• MDB ~est. (-1.6%)
• NET ~est. (-2.0%)
• CRWD — 4-for-1 stock split effective today; split-adjusted ~$305
• TSM ~est. (-4.7%)
• ASML ~est. -4.6% (confirmed)
Macro:
• June NFP: 57K vs 115K expected; unemployment rate fell to 4.2% — soft payrolls but tighter labor supply; "immaculate cooling" read keeps rate-cut narrative alive
• US 10-year yield: 4.49%
• Gold briefly touched $4,100 before pulling back
• Brent crude extending slide toward $70
• 🏛️ Anthropic IPO watch: S-1 draft filed June 1 at $965B valuation; OpenAI filed confidential S-1 June 9 — neither is yet publicly traded
• Markets CLOSED Friday, July 3 in observance of Independence Day (July 4 falls Saturday)
Tomorrow: No trading — U.S. markets closed for Independence Day. Next session is Monday, July 6; watch for weekend geopolitical developments and any AH earnings from tonight that price into Monday's open.