AI Stocks Close
🔔 AI Stocks Close — Wednesday, July 8, 2026 at 2:15 PM
Closes: SPX 7,482.71 (-0.28%) · COMP 25,870.65 (+0.20%) · DJI 52,348.39 (-1.09%)
Day narrative: US military strikes on Iran and a Treasury crude-export revocation sent oil surging ~5%, lifting energy stocks while rate-sensitive growth names sold off hard. The Dow absorbed the sharpest blow; Broadcom's $30B Apple chip deal kept Nasdaq just above water.
Sectors: Best Energy (+2.42%) · Worst Financials (est. -1.1%)
Movers:
• AVGO +4.82% — Apple commits $30B+ to Broadcom for US-made chips through 2031; largest single Apple AMP fund investment ever
• SMCI +6.19% — AI server name ripped higher on AI infrastructure demand optimism
• NVDA +2.07% — AI chipmaker held up against the geopolitical headwind
• CRWD -3.20% — Cybersecurity led growth names lower as rate-hike fears returned
• META -2.40% — Broad big-tech selloff on oil-driven inflation concerns
• TSLA -2.26% — Risk-off pressure on consumer discretionary names
After-hours / Earnings:
• SMCI extended gains to $28.11 (+0.83% AH) after its 6% regular-session run — AI server demand stays in focus
Watchlist:
• MU $948.33 (+1.06%)
• NVDA $201.01 (+2.07%)
• MSFT $383.50 (-1.37%)
• GOOGL $361.18 (-1.59%)
• META $600.83 (-2.40%)
• AMZN $242.55 (-1.39%)
• AAPL $310.50 (-0.05%)
• AMD $511.00 (-0.99%)
• TSLA $393.78 (-2.26%)
• PLTR $131.15 (-2.40%)
• ARM $297.61 (-0.94%)
• SMCI $27.88 (+6.19%, +0.83% AH)
• ORCL $140.25 (-0.95%)
• SOUN $6.73 (+1.28%)
• IONQ $44.41 (-2.09%)
• BBAI $3.33 (-3.06%)
• AVGO $388.67 (+4.82%)
• CRM $166.74 (-1.64%)
• ADBE $219.78 (-0.80%)
• IBM $301.78 (-1.42%)
• SNOW $258.46 (-1.63%)
• MDB $355.15 (-1.71%)
• NET $264.89 (-1.47%)
• CRWD $188.40 (-3.20%)
• TSM $438.21 (+1.30%)
• ASML $1,763.33 (+0.92%)
Macro:
• US-Iran: US struck 80+ Iranian military targets after Iran attacked Strait of Hormuz tankers; Trump declared prior diplomatic MOU "over"; Treasury revoked Iran crude export authorization
• Oil: WTI above $74/bbl (~+5% session), Brent near $78/bbl; Chevron +3.5%, ExxonMobil +3.9%
• FOMC June minutes released: Internal rate-hike debate surfaced; Chair Kevin Warsh says inflation "too high," declined to signal July move; VIX +3.6% to 16.13
• May trade deficit: $77.6B (beat vs. $79.1B consensus; YTD gap narrowed 40.6%)
• 🚨 IPO Watch — Anthropic (private): led global LLM revenue Q1 2026 at 31.4% share; $965B valuation, late-2026 IPO targeted; $47B revenue run rate driven by Claude Code. OpenAI (private): confidential filing June 2026, weighing 2027 delay after SpaceX's post-IPO slide ($225→$153).
Tomorrow: PepsiCo (PEP) Q2 before the open — first major consumer read of Q2 earnings season; Iran/oil developments remain on tape; watch Warsh commentary for July rate direction