AI Stocks Close
🔔 AI Stocks Close — Monday, August 31, 2026 at 2:15 PM
Closes: SPX 7,686.14 (-0.33%) · NDX ~29,448 (+0.05%) · DJI 53,185.90 (-0.70%)
Day narrative: Geopolitics wrote the script — U.S. strikes on Iranian rocket launchers near Larak Island sent crude up 3% and dragged the Dow down 374 points, snapping a five-day win streak. But the AI complex quietly shrugged it off, and the Nasdaq barely blinked, closing out a month that still delivered solid gains.
Sectors: Best Energy (+0.9%, the only sector green) · Worst Consumer Staples (-1.4%)
Movers:
• EIX -23.1% — California's legislative session hit its August 31 deadline without wildfire liability reform, torching the state's utility complex
• PYPL -12.7% — Advent and Stripe reportedly walked away from acquisition plans
• TSLA +5.51% — cut entry-level Model 3 pricing ~8.5% in Hong Kong and Macau; the Street read it as demand defense, not desperation
• CRWD +5.77% — analyst target hikes still rolling in off last week's agentic-AI-driven Q2
• MU +2.77% — memory pricing narrative keeps compounding ahead of the Sept. 30 print
• AMZN -2.50% — FTC and 20-plus states set to allege ad-price manipulation on the retail platform
After-hours / Earnings:
Genuinely quiet. The only names moving are microcaps — no watchlist earnings tonight. MDB is -0.08% and CRWD is giving back -0.82% post-close, both noise. Index ETFs are dead flat.
Watchlist:
• MU $958.73 (+2.77%)
• NVDA $220.78 (+1.48%)
• MSFT $507.29 (-1.22%)
• GOOGL $339.35 (-2.09%)
• META $572.34 (-0.98%)
• AMZN $259.77 (-2.50%)
• AAPL $316.85 (-0.89%)
• AMD $470.72 (+1.10%)
• TSLA $367.95 (+5.51%)
• PLTR $186.38 (+0.05%)
• ARM $241.91 (+1.20%)
• SMCI $37.28 (+0.54%)
• ORCL $149.11 (-1.15%)
• SOUN $7.18 (+0.91%)
• IONQ $39.31 (+0.28%)
• BBAI $3.13 (+2.62%)
• AVGO $370.34 (+0.42%)
• CRM $257.54 (+0.60%)
• ADBE $292.79 (+0.44%)
• IBM $233.87 (-0.73%)
• SNOW $331.43 (+1.05%)
• MDB $453.37 (+1.51%, -0.08% AH)
• NET $305.39 (+1.85%)
• CRWD $231.00 (+5.77%, -0.82% AH)
• TSM $415.32 (-0.53%)
• ASML $1,696.01 (-0.01%)
Macro:
• WTI $85.89, +2.99% — Iran's IRGC says it hit U.S. bases in Jordan and the UAE in retaliation
• 10-year Treasury yield at its highest since January 2025 on energy-driven inflation fear
• Fed funds futures now price a 57.5% chance of a 25 bp hike in September after Chair Warsh's Jackson Hole inflation remarks
• Chicago PMI 47.1 vs 58 expected — an ugly miss. Michigan sentiment 51.7, a small beat
• VIX 14.90 (+3.25%) — remarkably calm for a day with this headline set
• AI IPO watch: Anthropic (confidential S-1 filed June 1, $965B post-money on a $65B Series H) and OpenAI (filed June 8) are both circling an October Nasdaq window. Not tradable yet — just the biggest thing on the calendar that isn't on the calendar
Tomorrow: ISM Manufacturing PMI, JOLTS, and construction spending all at 10:00 a.m. ET. After that Chicago PMI print, ISM carries real weight. Light earnings docket; the September AI catalyst everyone's waiting on is Micron on the 30th.