AI Stocks Close
🔔 AI Stocks Close — Tuesday, July 28, 2026 at 2:15 PM
Closes: SPX 7,413 (+0.02%) · NDX ~27,860 (-0.63%) · DJI 52,210 (+0.50%)
Day narrative: The Dow held its composure while the Nasdaq took the brunt of the worst global chip rout since April 2025 — China's DUV breakthrough report, AI capex circular-debt fears, and a Seoul circuit-breaker event carved a clean line between defensives and semis.
Sectors: Best: Consumer Staples (+1.5%) · Worst: Energy (-2.1%)
Movers:
• MU ~-9% — Micron led the semiconductor bloodbath; China DUV threat plus AI spend skepticism crushed memory names hardest
• AMD -8.1% — no earnings cushion, caught full-force in the selloff
• ASML -5.2% — ground zero: a Chinese state-backed firm reportedly began mass-producing DUV lithography machines, threatening ASML's near-monopoly
• PLTR -5.26% — Palantir's AI premium got trimmed as the de-risking wave hit speculative names
• GOOGL +2.34% — still surfing its July 22 blowout (Cloud +82%, revenue $119.8B)
• MSFT +1.94% — pre-earnings bid with Azure results due tomorrow after close
After-hours / Earnings:
• SHW beat Q2, +8.5% AH — Sherwin-Williams raised full-year outlook; a reminder earnings quality still gets paid
• ARM reports tomorrow AH — stock down ~28% over the past month; tonight is a setup night
Watchlist:
• MU n/a (~-9% day)
• NVDA $197 (-1.1% day)
• MSFT $389 (+1.94% day)
• GOOGL $327 (+2.34% day)
• META n/a (pre-earnings, quiet)
• AMZN $231 (-0.31% day)
• AAPL n/a (reports Thu 7/30 AH)
• AMD n/a (-8.1% day)
• TSLA $307 (-0.57% day)
• PLTR $123 (-5.26% day)
• ARM ~$244 (down ~28% past month; reports tomorrow AH)
• SMCI n/a (active; no clean close surfaced)
• ORCL n/a
• SOUN ~$6.35 (flat; reports Aug 5)
• IONQ n/a (+~6% day; reports Aug 5)
• BBAI n/a (-47% YTD; reports Aug 11)
• AVGO $376 (-1.7% day)
• CRM n/a · ADBE n/a · IBM n/a · SNOW n/a · MDB n/a · NET n/a · CRWD n/a
• TSM n/a (-3.5% day)
• ASML n/a (-5.2% day)
Macro:
• FOMC in session — decision Wednesday 2 PM ET; Chair Warsh presser 2:30 PM ET; no rate move expected but Warsh's pure data-dependency stance keeps every word live; backdrop CPI 4.2% YoY
• Brent crude -8.7% to ~$87/bbl — Trump confirmed US-Iran de-escalation talks; biggest single-day oil drop in 3+ months; that's your energy sector explanation
• Anthropic IPO watch: pre-roadshow investor meetings underway since July 15; confidential S-1 filed June 1; secondary-market transactions implying ~$1.2T valuation; Q4 2026 target — OpenAI CFO Sarah Friar says they're not ready to go public
Tomorrow: FOMC decision + Warsh presser are the macro centerpiece. MSFT earns AH — Azure growth vs. $190B capex commitment is the crux. ARM earns AH — make-or-break after the 28% drawdown. BEA PCE data drops. 299 companies reporting in total.