AI Stocks Close
🔔 AI Stocks Close — Tuesday, July 7, 2026 at 2:15 PM
Closes: SPX 7,476 (-0.49%) · NDX 29,087 (-1.85%) · DJI 52,925 (-0.25%)
Day narrative: Samsung posted a record 19-fold quarterly profit beat and the market sold it hard — with DeepSeek's own-chip ambitions as an accelerant, the semiconductor complex got torched while software names quietly held their ground and defensives stepped up.
Sectors: Best Consumer Defensive (+2.15%) · Worst Industrials (-3.41%)
Movers:
• NET +8.60% — Scotiabank upgrade to Outperform with a $300 PT, followed by waves of Wall Street target hikes post-Investor Day; AI agent monetization framing clicked with investors rotating out of hardware
• ARM -6.77% — Chip-design names caught the full blast of Samsung profit-taking; DeepSeek's native AI chip push reads as an ARM-architecture headwind
• AMD -6.51% — AI capex credibility cracked; the chip stack's second-biggest AI name took one of its steeper single-session losses of the summer
• IONQ -7.18% — Quantum computing's highest-beta name absorbed the hardest hit in the risk-off sweep through chip-adjacent tech
• META +2.55% — Software and ad-tech held ground while hardware bled; the platform side of AI proved stickier than the silicon side today
• SpaceX (SPCX) -6.83% — Joined the Nasdaq-100 on a fast-track addition; classic sell-the-news after the index-inclusion run-up, landing at $149
After-hours / Earnings:
• No watchlist earnings tonight. AH session is quiet across the board — every name moving under half a percent. The chip complex is settling, not extending.
Watchlist:
• MU $938.38 (-4.71%, AH -0.31%)
• NVDA $196.93 (+0.71%, AH -0.18%)
• MSFT $388.84 (+0.54%, AH -0.01%)
• GOOGL $367.03 (+0.16%, AH -0.14%)
• META $615.58 (+2.55%, AH -0.18%)
• AMZN $245.98 (+0.75%, AH -0.14%)
• AAPL $310.66 (-0.64%, AH +0.09%)
• AMD $516.11 (-6.51%, AH +0.43%)
• TSLA $402.90 (-4.02%, AH +0.19%)
• PLTR $134.37 (+1.38%, AH -0.28%)
• ARM $300.43 (-6.77%, AH +0.15%)
• SMCI $26.25 (-3.46%, AH +0.38%)
• ORCL $141.60 (-1.50%, AH +0.18%)
• SOUN $6.64 (-4.60%, AH +0.45%)
• IONQ $45.36 (-7.18%, AH +0.24%)
• BBAI $3.43 (-4.19%, AH +0.15%)
• AVGO $370.78 (-0.83%, AH +0.06%)
• CRM $169.52 (+2.34%, AH +0.09%)
• ADBE $221.53 (+1.58%, AH +0.01%)
• IBM $306.13 (+2.21%, AH -0.05%)
• SNOW $262.62 (+0.20%, AH +0.05%)
• MDB $361.42 (+0.98%, AH -0.03%)
• NET $268.83 (+8.60%, AH -0.19%)
• CRWD $194.62 (-2.39%, AH +0.26%)
• TSM $432.57 (-4.25%, AH +0.21%)
• ASML $1,747.28 (-4.26%, AH +0.32%)
Macro:
• Oil surged — WTI +5% to $71.97, Brent above $75.50 — on Iran's attacks on Strait of Hormuz shipping; Energy sector gained nearly 2%
• Seoul's KOSPI crashed 4.91% (circuit breaker triggered at intraday -8%); Samsung's stock fell ~7% on profit-taking despite the record Q2 beat
• DeepSeek reportedly building its own AI chip — China's push to reduce dependence on US silicon read as a demand-reduction signal for Nvidia, ARM, and the broader AI hardware stack
• New Fed chair Kevin Warsh: FOMC June minutes drop tomorrow; Warsh has signaled skepticism of forward guidance and dot plots
• 🔭 IPO Watch: Anthropic's draft S-1 is in — $65B Series H, ~$965B valuation, late-2026 debut tracking. OpenAI (S-1 filed confidentially, ~$920B) may push to 2027 after watching SpaceX's rocky post-IPO decline from $225 to $149.
Tomorrow: FOMC June minutes (2 PM ET) — first meeting under Warsh, watched closely for rate-path signals and any departure from the dot-plot framework. No watchlist earnings on deck. CPI lands July 14; TSMC Q2 results July 16.