AI Stocks Close
🔔 AI Stocks Close — Thursday, August 27, 2026 at 2:15 PM
Closes: SPX 7,727 (+0.7%) · Nasdaq Comp 26,168 (+1.5%) · DJI 53,195 (+0.2%)
Day narrative: Earnings did the heavy lifting. Nvidia's blowout print plus a monster software beat trio — Okta, Salesforce, CrowdStrike — dragged the Nasdaq up while defensives and the Dow's old-economy names barely showed up.
Sectors: Best Technology/Software (tech-software ETF +6%) · Worst Consumer Staples (Hormel-led, roughly -1%)
Movers:
• OKTA +28.6% — identity-security demand tied to enterprise AI deployments blew out the quarter
• CRM +22.6% — beat and raised FY guide to $46.1–46.4B; Benioff's "this is not the SaaSpocalypse" line landed
• CRWD +20.5% — record $333M net new ARR, AI-security platform adoption accelerating
• NVDA +7.8% to $225.94 — $96.2B revenue, +106% y/y, and a $108B forward guide; China still capped by export limits
• WEN -14% — Trian reportedly pulled its takeover bid
• HRL -10.3% — weak staples print
After-hours / Earnings:
• MRVL reported a beat — $2.739B rev vs $2.711B, EPS $0.94 vs $0.92, Q3 guide $3.15B vs $3.03B — but shares are roughly flat AH. After a 187% YTD run, a good quarter wasn't good enough.
Watchlist:
• NVDA $225.94 (+7.8%)
• MU $927.70 (-1.1%)
• MSFT ~$424.88 (-1.3%)
• GOOGL ~$346.96 (modest gain)
• META +0.8%
• AMZN ~$261.06 (little changed)
• AAPL ~$309.90 (little changed)
• AMD $478.00 (-0.6%)
• TSLA +5.1%
• PLTR ~$150 (+2.4%)
• ARM $256.49 (+2.2%)
• SMCI $39.84 (+1.7%)
• ORCL +2.2%
• AVGO $366.92 (+3.2%)
• CRM $234.90 (+14% to +22%, sources vary)
• ADBE $282.29 (+3%)
• CRWD +17% to +20%
• NET ~$184.91 (+4.3%)
• TSM $425.19 (+1.8%)
• ASML, IBM, SNOW, MDB, IONQ, BBAI, SOUN — closing quotes not confirmed at press time
• AI IPO watch: Anthropic (confidential S-1 filed June 1, Goldman/Morgan Stanley, ~$1.1T private mark, Q2 revenue north of $11.5B) and OpenAI (S-1 filed June 8) — neither trades publicly yet.
Macro:
• Initial jobless claims 203K vs 208K expected; continuing claims 1.778M — labor market still firm
• Kansas City Fed's Schmid: policy is still "very accommodating," inflation not back to 2%
• 10-year yield near 4.66%
Tomorrow: Fed Chair Kevin Warsh's Jackson Hole keynote is the main event. Earnings from Dell, Dollar General, and Dollar Tree. Month-end positioning flows in play.