AI Stocks Close
🔔 AI Stocks Close — Friday, August 7, 2026 at 2:15 PM
Closes: SPX 7,757.64 (+0.62%) · NDX 26,690 (+1.30%) · DJI 54,037 (+0.28%)
Day narrative: July payrolls printed -23,000 against a +83,000 expectation — and prior months got revised down another 103,000 combined — so naturally, stocks hit a new S&P record; chips and small caps led the "bad news is good news" charge as rate-hike odds collapsed.
Sectors: Best Technology/Semiconductors (SOXX +7% for the week) · Worst Utilities (defensive bid faded on full risk-on rotation)
Movers:
• NET +~12% — Cloudflare Q2 beat (reported Aug 6 AH): AI workload revenue above consensus, full-year guide raised; stock already moved in the regular session
• ARM +~4% — Breaking above $280 after record Q1 FY2027; revenue +22%, data-center royalties doubled, $2B+ AGI CPU order backlog
• AVGO +~2% — Sixth straight green session; up 14% over that stretch on persistent AI infrastructure demand
• MSFT +2.54% — Charging toward the $500 milestone on broad enterprise strength
• PLTR ~-8% — Post-earnings pullback from weekly highs; stock surged ~10% on its beat earlier in the week and is still a net weekly winner
• GOOGL -1.29% — Announced a significant AI division restructuring mid-week; some investor caution on execution timeline
After-hours / Earnings:
• NET's Q2 beat (Aug 6 AH) already fully reflected in today's session; Friday evening appears quiet with no major watchlist names on the earnings calendar tonight
• IONQ filed an 8-K today — details pending; stock gained 2.12% in the regular session
Watchlist:
• MU $872.58 (~flat day)
• NVDA $221.22 (+~0.8% day)
• MSFT $499.86 (+2.54% day)
• GOOGL ~$265 (-1.29% day)
• META ~$1,095 (+~1.0% day)
• AMZN $272.26 (+~0.5% day)
• AAPL ~$308 (+0.45% day)
• AMD ~$460 (+1.5% day)
• TSLA ~$327 (+~0.5% day)
• PLTR ~$157 (~-8% day, post-earnings pullback)
• ARM ~$284 (+3.95% day)
• SMCI ~$31.00 (~-2% day)
• ORCL $145.16 (~-1% day)
• SOUN $6.24 (-2.65% day)
• IONQ $39.72 (+2.12% day)
• BBAI ~$5.50 (tracking broader tape)
• AVGO $423.58 (+~2% day)
• CRM ~$342 (+~0.8% day)
• ADBE ~$479 (+~0.6% day)
• IBM $233.43 (-1.06% day)
• SNOW ~$192 (+~0.8% day)
• MDB ~$248 (+~0.5% day)
• NET ~$301 (+~12% day)
• CRWD ~$385 (+3.52% day)
• TSM ~$193 (+~1.5% day)
• ASML ~$1,108 (+~1.2% day)
Macro:
• July NFP: -23,000 (vs. +83,000 expected); prior months revised down 103K combined; unemployment rate 4.1% unchanged
• Treasury yields fell sharply; Fed September rate-hike probability declined meaningfully
• US-Iran tensions remain a background geopolitical variable — oil prices on watch
• SpaceX (SPCX) +12% today, +19% for the week; exclusive NVIDIA AI infrastructure deal driving ongoing momentum and broader chip sentiment
Tomorrow: Weekend; markets will spend two days digesting the payroll shock. Next week: Fed speakers likely respond to the jobs miss. CRWD reports August 26. IPO watch: Anthropic (draft S-1 filed June 1, $965B valuation) is now in banker-arranged investor meetings — year-end listing window live. OpenAI (confidential S-1 filed, $920B valuation) targeting Q4 but CFO Sarah Friar has publicly flagged the company isn't ready for public markets yet.