AI Stocks Close
🔔 AI Stocks Close — Monday, August 10, 2026 at 2:15 PM
Closes: SPX ~7,749 (-0.1%) · NDX ~26,582 (-0.4%) · DJI ~53,904 (-0.3%)
Day narrative: Oil blew past $80 as weekend Middle East talks cratered — Energy tore higher while a Financial Times bombshell on Nvidia's AI financing role dragged chips and clipped the Nasdaq's wings, leaving the broader tape essentially flat on a day that felt a lot rougher than the numbers show.
Sectors: Best Energy (+4.5%) · Worst Technology (~-0.9%)
Movers:
• NVDA -3% to -5% — FT report says Nvidia is working with Apollo, Blackstone, BlackRock, KKR, and Goldman to structure a $500B AI infrastructure financing vehicle; circular-financing concerns hit hard, Apple briefly reclaimed the world's most-valuable-company crown, and $130B in Nvidia market cap evaporated
• SMCI +4.7% (~$32.48) — Preliminary Q4 update dropped margins to 15–17% vs the 8% guide from May, $60B+ backlog, full earnings call Tuesday at 5PM ET
• HPE +4% · Dell +3% — AI server names broadly bid despite the Nvidia headwind; market rotating into the picks-and-shovels adjacent names
• Coherent -12% · Lumentum -6% — photonics stocks hammered on AI infrastructure spending anxiety from the same FT report
• MarineMax +46% — Blackstone Infrastructure's Safe Harbor Marinas scooped it up at $53/share cash, deal expected to close by year-end
After-hours / Earnings:
• SMCI preliminary Q4 update already absorbed intraday; official report and call Tuesday 5PM ET — that's the real event to watch
• Otherwise quiet AH tape as the market digests the oil/Nvidia double-punch
Watchlist:
• MU $877 (~flat to slight gain — HBM cycle demand intact, earnings beat well-digested)
• NVDA ~$207–209 (-3.5% day — Blackstone/Apollo $500B financing overhang)
• MSFT ~flat day
• GOOGL (-0.9% day)
• META (~flat day)
• AMZN (~flat to slight loss day)
• AAPL (slight gain day — briefly world's most valuable company as NVDA slipped)
• AMD (~flat/slight loss day)
• TSLA (~flat day)
• PLTR (~flat day, notable options flow)
• ARM (~-1% day, chip sector pressure)
• SMCI $32.48 (+4.7% day — preliminary earnings catalyst)
• ORCL (~flat day)
• SOUN · IONQ · BBAI (small-cap AI names muted, sector caution)
• AVGO ~$424 (~flat to slight loss day)
• CRM · ADBE · IBM · SNOW · MDB · NET · CRWD (software broadly mixed, slight red bias with tech)
• TSM (~-0.5% day — chip supply chain caution with NVDA)
• ASML (~flat day — European ADR)
Macro:
• Oil: Brent ~$80+, Houthi forces struck a Red Sea port over the weekend, Iran raised new demands — Strait of Hormuz progress stalled
• Anthropic IPO watch: Bankers scheduling investor meetings post-S-1 draft (filed June 1); Anthropic's Series H valued it at $965B, topping OpenAI's $920B round. Neither is publicly traded yet — flag on both.
• OpenAI: Confidential S-1 filed June 9; listing "may be a while" per company — but a Q4 race with Anthropic is the chatter.
Tomorrow: SMCI full Q4 earnings call (Tuesday 5PM ET) is the marquee event; CRWV and AMAT on deck later this week; CPI drops Wednesday 8:30AM ET (core seen at ~2.5% YoY); PPI Thursday; UMich sentiment Friday; Fed's Hammack and Barkin expected after the CPI print
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