AI Stocks Close
🔔 AI Stocks Close — Monday, August 24, 2026 at 2:15 PM
Closes: SPX 7,652.86 (-0.28%) · NDX/Nasdaq Comp 25,980.19 (-0.76%) · DJI 53,417.16 (+0.26%)
Day narrative: Blue chips held the line while semiconductors got taken apart — the SOX shed better than 3% and Nvidia logged a seventh straight down day, its longest losing streak since September 2022. Classic pre-catalyst de-risking: nobody wants to be long chips into Wednesday's Nvidia print, PCE, and Warsh at Jackson Hole.
Sectors: Best Communication Services / Financials (Visa +3.1%, Mastercard +3.3%) · Worst Technology, with Energy and Industrials also red
Movers:
• MU -5.8% — memory led the rout; SanDisk fell 6.5% alongside it
• AMD -3.5% — sector-wide profit-taking, opened down nearly 4% and never recovered
• NVDA -2.9% to $208.48 — seventh consecutive decline, off ~7% on the slide
• TSLA -3.8% — auto complex hit by Trump's threat to lift Canada auto tariffs to 50%
• IONQ -8.5% — quantum names cracked hardest in the high-beta flush
• MDB -6.5% / NET -4.4% — high-multiple software sold off in sympathy
• AAOI -11% — $600M equity offering, straight dilution hit
After-hours / Earnings:
• Quiet tape. No major S&P reporters after the close — the AH session is mostly flat marks (SOUN +0.1%, IONQ +0.2%, BBAI +0.3%). Everything's coiled for Wednesday.
Watchlist:
• MU $910.43 (-5.83%)
• NVDA $208.48 (-2.91%)
• MSFT $487.31 (+0.84%)
• GOOGL $348.06 (+0.94%)
• META $559.02 (+1.66%)
• AMZN $262.07 (+1.33%)
• AAPL $310.34 (+0.32%)
• AMD $456.75 (-3.49%)
• TSLA $349.03 (-3.81%)
• PLTR $175.89 (-2.25%)
• ARM $238.78 (-1.87%)
• SMCI $35.17 (-5.56%)
• ORCL $142.45 (-2.74%)
• SOUN $7.01 (-4.30%, +0.14% AH)
• IONQ $41.06 (-8.47%, +0.17% AH)
• BBAI $3.07 (-4.66%, +0.33% AH)
• AVGO $358.76 (-2.63%)
• CRM $209.06 (-0.05%)
• ADBE $276.27 (+0.35%)
• IBM $231.04 (-1.97%)
• SNOW $322.78 (-3.00%)
• MDB $402.69 (-6.53%)
• NET $280.35 (-4.36%)
• CRWD $190.68 (-0.66%)
• TSM $410.12 (-2.11%)
• ASML $1,740.13 (-1.34%)
Macro:
• Treasury Secretary Bessent unveiled "Operation Economic Outcast" against Iran — pledging to sever every economic lifeline to Tehran and target nations tied to it. Market shrugged.
• Trump vowed 50% auto tariffs on Canada starting Jan 1, 2027, after trade talks collapsed.
• WTI crude -2% to about $85; gold near a three-month high around $4,720/oz.
• IPO watch: Anthropic remains the story — confidentially filed in June, $65B raise at a $965B valuation, revenue run rate above $65B. OpenAI's filing trails, with 2027 the likely window. Both could slip past the original Q4 2026 target.
Tomorrow: Consumer Confidence at 10:00 ET (July printed 90.8; the Street looks for another slip), plus New Home Sales, Case-Shiller, and Richmond Fed Manufacturing. Then the main event Wednesday: Nvidia earnings after the bell and PCE inflation in the morning. CrowdStrike and Marvell later in the week, Warsh at Jackson Hole Friday.