AI Stocks Close
🔔 AI Stocks Close — Wednesday, July 29, 2026 at 2:15 PM MT
Closes: SPX 7,316 (-1.52%) · COMP 24,442 (-1.74%) · DJI 51,594 (-2.19%)
Day narrative: The Fed held with three hawkish dissenters and bond yields spiked to multi-decade highs — then SK Hynix's record-breaking quarter still missed the Street, and the entire semiconductor complex lost a trillion dollars. Iran's missile strike on U.S. forces sent crude surging 6.7%, and megacap earnings landed after the bell to sort the survivors.
Sectors: Best Health Care (+2.4%) · Worst Info Tech (-1.8%)
Movers:
• MU -8.85% — SK Hynix beat every prior record yet still missed estimates, lighting the fuse under the whole semi complex
• AMD -8.15% — chip-sector contagion; leveraged longs forced to sell
• TSM -3.31% — no foundry was spared in the trillion-dollar wipeout
• PLTR -5.79% — risk-off selling hit high-multiple AI names hard
• IBM +5.21% — defensive rotation plus solid quarterly results kept it in the green
• SNOW +4.53% — cloud software caught a bid as investors fled semis
• SHW +8.3% (non-watchlist) — standout earnings beat gave the session one clean winner
After-hours / Earnings:
• GOOGL beat handily — revenue $102.4B vs. $99.6B est., EPS $2.87 vs. $2.33 est. → +6.7% AH
• META beat revenue ($60.8B, +28% YoY) and EPS ($7.31 vs. $6.79 est.) — but FY capex raised to $125–$145B triggered a -5% to -7% AH slide (~$696)
• MSFT results still emerging; early reads show ~-4% AH (~$520 preliminary) — Azure growth and FY2027 capex guidance are the watch items
Watchlist:
• MU $820.53 (-8.85%)
• NVDA ~$188 (est., -4 to -5% session)
• MSFT ~$541 (est. close) · -4% AH ~$520 (preliminary)
• GOOGL n/c close · +6.7% AH on beat
• META ~$750 (est. close) · -5 to -7% AH (~$696)
• AMZN n/c · reports Thu AH
• AAPL n/c · reports Thu AH
• AMD $454.62 (-8.15%)
• TSLA n/c
• PLTR $123.53 (-5.79%)
• ARM n/c
• SMCI $28.45 (-4.57%)
• ORCL n/c · under pressure per reports
• SOUN n/c
• IONQ n/c
• BBAI n/c
• AVGO $371.08 (day change n/c)
• CRM n/c
• ADBE n/c · higher on software rotation
• IBM $227.55 (+5.21%)
• SNOW $282.61 (+4.53%)
• MDB ~$298 (est.)
• NET n/c
• CRWD n/c
• TSM $386.18 (-3.31%)
• ASML $1,553.48 (-1.86%)
Macro:
• FOMC held at 3.50%–3.75% (9-3); Hammack, Kashkari, and Logan all dissented for a hike — hawkish signal that spooked bond markets
• 10-yr Treasury yield +7 bps to 4.67%; 30-yr surged to 5.20%, highest since 2007
• Iran launched missiles at U.S. forces in the Middle East; Brent crude +6.7% to ~$87.55/bbl
• Fed Chair Kevin Warsh offered zero forward guidance — left markets to price his next move blind
• Anthropic IPO watch: roadshow underway (S-1 filed June 1, $965B valuation); secondary market implying ~$1.2T — has now surpassed OpenAI's $852B for the first time. Target window: October 2026. OpenAI: CFO says not IPO-ready; Q4 2026 timeline in doubt
Tomorrow: Q2 GDP first release + PCE deflator + Initial Jobless Claims at 8:30 ET — PCE lands with fresh urgency after today's bond revolt. AMZN and AAPL report AH. Mastercard, Reddit, Robinhood, and Coinbase also on the earnings docket.