AI Stocks Close
🔔 AI Stocks Close — Tuesday, July 14, 2026 at 2:15 PM
Closes: SPX 7,551 (+0.47%) · NDX ~29,930 (+1.2%) · DJI 52,477 (-0.04%)
Day narrative: June CPI came in well below expectations — 3.5% annualized, prices actually fell 0.4% for the month — and that was all semiconductor stocks needed to rip higher after Monday's Iran-driven selloff. IBM cratered 25% on an earnings warning that, in a bitter irony, spelled out exactly why chip stocks are winning.
Sectors: Best Technology / Semiconductors (~+3%) · Worst IT Services / Consulting (IBM anchor, ~-5%)
Movers:
• IBM -25% — Q2 earnings warning: clients rotated capex away from software and consulting into memory hardware and servers; worst single session in IBM's 115-year history
• CRWD +10.5% — Goldman Sachs raises price target to $726, calling AI security a generational opportunity
• AMD +5.0% — Chip sector bounce on cool inflation data; AI infrastructure demand narrative intact
• NVDA +4.1% — Rides the same CPI-fueled wave; semiconductor ETF (SMH) up ~4% on the session
• GS +7.4% — Blowout Q2 result kicks off bank earnings season strong
• MSFT -1.5% — IBM's capex-rotation warning cast a shadow across enterprise software broadly
Watchlist:
• MU ~+3% est. (memory chip bounce from Monday's -5.5%; IBM's warning is literally bullish for MU demand)
• NVDA $211.84 (+4.1%)
• MSFT $385.28 (-1.5%)
• GOOGL $357.44 (+1.9%)
• META $661.08 (+0.7%)
• AMZN ~+0.5% est. (broad tech/market move)
• AAPL $315.13 (-0.7%)
• AMD $560.66 (+5.0%)
• TSLA ~+1% est. (bouncing from Monday's -7.5%; remains near 200-day MA)
• PLTR +2.84% (no confirmed close price)
• ARM ~+3% est. (chip rally; earnings July 29 in focus)
• SMCI $27.66 (~flat; day range $27.22–$28.24)
• ORCL ~$128 (~-2% est.; $127–$133 intraday range, under pressure)
• SOUN — no confirmed close; speculative AI name, likely positive in risk-on tape
• IONQ — no confirmed close; quantum computing names moved with risk appetite
• BBAI — no confirmed close; small AI name, likely positive
• AVGO $388.23 (+1.0%)
• CRM ~flat est. (IBM software capex drag weighs on enterprise SaaS)
• ADBE ~flat est. (same IBM-drag narrative)
• IBM -25%+ (historic crash — preliminary Q2 miss, $17.2B revenue vs. $17.86B est.)
• SNOW ~+1% est. (data cloud; risk-on day)
• MDB ~+1% est. (risk-on; no specific data)
• NET ~+2% est. (cybersecurity halo from CRWD's monster day)
• CRWD ~+10.5% (Goldman PT $726; AI security thesis on fire)
• TSM ~+2% est. (chip rally)
• ASML ~+1% est. (chip equipment; rode semiconductor wave)
Macro:
• June CPI: -0.4% MoM (est. -0.2%) · 3.5% YoY (est. 3.8%) — matching 2020 pandemic-era lows
• Core CPI: flat MoM; 2.6% YoY — Fed rate-hike bets eased materially
• Bank earnings Day 1: Goldman Sachs (+7.4% beat), JPMorgan (+1.5% beat), Citigroup (-5.8% miss), Wells Fargo (-3.3% miss)
• Middle East: Iran/Strait of Hormuz blockade threat remains in background; Monday's fear faded Tuesday as CPI dominated
• Anthropic IPO watch: No new news today. Filed confidentially June 2026; $965B private valuation; Q2 expected to be first profitable quarter
• OpenAI IPO watch: No new news today. Filed confidentially June 2026; reportedly weighing 2027 delay after SpaceX's rocky debut
Tomorrow: Bank earnings continue — Morgan Stanley and BofA on deck; IBM fallout likely to keep enterprise software capex narrative alive; ARM's July 29 earnings increasingly in focus as chip setup strengthens; July retail sales data expected