AI Stocks Close
🔔 AI Stocks Close — Friday, August 28, 2026 at 2:15 PM
Closes: SPX 7,711.76 (-0.25%) · Nasdaq Comp 26,402.42 (-0.52%) · DJI 53,559.99 (-0.02%)
Day narrative: Nvidia's post-earnings glow burned off fast — chips got dumped while money rotated straight into the non-semi megacaps. A quiet-looking tape on the surface, violent underneath.
Sectors: Best Communication Services (+1.42%) · Worst Technology (-1.53%) — semis worst of all, SMH -3.47%. Consumer Discretionary +1.13%, Energy +0.63%, Financials +0.38%; Utilities -1.04%, Health Care -0.24%.
Movers:
• NVDA -4.57% — gave back more than half of Thursday's 8.7% blowout-earnings pop; classic sell-the-news round trip
• ARM -6.33% — worst megacap-adjacent chip name on the board, valuation complaints after a strong print
• AMZN +3.97% — 600MW carbon-free power PPA plus an Evercore target hike to $355
• ELastic ~+18% — earnings beat that argued AI isn't eating software after all
• Marvell ~-9% — beat on the quarter, sold off anyway
• Rubrik ~-11% — solid results, no credit given
• IONQ -7.68% — quantum names hit hardest in the risk-off leg
After-hours / Earnings: Nothing material. Friday tape, no meaningful prints — watchlist AH moves are all inside ±0.35%.
Watchlist:
• MU $932.86 (-0.27% day, -0.26% AH)
• NVDA $217.55 (-4.57% day, +0.11% AH)
• MSFT $513.52 (+1.68% day)
• GOOGL $346.74 (+1.79% day)
• META $578.02 (+1.21% day)
• AMZN $266.43 (+3.97% day)
• AAPL $319.70 (+1.63% day, +0.09% AH)
• AMD $465.58 (-2.33% day, +0.09% AH)
• TSLA $348.75 (-1.71% day)
• PLTR $186.29 (+0.19% day)
• ARM $239.05 (-6.33% day, +0.18% AH)
• SMCI $37.06 (-3.64% day)
• ORCL $150.85 (-0.72% day)
• SOUN $7.11 (-1.52% day)
• IONQ $39.20 (-7.68% day, +0.33% AH)
• BBAI $3.05 (-4.39% day, +0.33% AH)
• AVGO $368.79 (-0.74% day)
• CRM $256.00 (+1.57% day)
• ADBE $291.58 (+0.84% day)
• IBM $235.59 (-1.34% day)
• SNOW $328.00 (-0.34% day)
• MDB $446.62 (+1.37% day)
• NET $299.69 (-2.77% day)
• CRWD $218.40 (-4.19% day)
• TSM $417.52 (-2.29% day)
• ASML $1,696.16 (-2.24% day)
Macro:
• Fed Chair Kevin Warsh at Jackson Hole: this summer's PCE and CPI prints "do not tell me that underlying trends have meaningfully improved" — markets read it as a live September hike risk into the Sept. 15–16 FOMC
• 10-year Treasury ~4.70%; gold -1.63% to about $4,535
• Weekly scoreboard still green: SPX +0.5%, Nasdaq +0.9%, Dow +0.5%
• AI private-market watch: Anthropic has confidentially filed for an IPO after its $65B Series H at a $965B valuation, reportedly pitching investors on a $30T opportunity and eyeing roughly $2T; Broadcom is said to be raising $60B+ in debt for AI chip financing tied to Anthropic. OpenAI may push its listing to next year.
Next week: Markets open Monday, Aug. 31. MongoDB reports Sept. 1; Broadcom and Snowflake Wednesday, Sept. 2; Dell and Palo Alto also on the slate; Oracle flagged for Sept. 4. Data-heavy week — ISM manufacturing, JOLTS, ADP, then the August jobs report Friday (consensus +45K, 4.2% unemployment) after July's surprise -23K.