AI Stocks Close
🔔 AI Stocks Close — Monday, November 2, 2026 at 2:15 PM
Closes: SPX 7,542.27 (-0.50%) · NDX/Nasdaq Comp 25,164.32 (-1.07%) · DJI 51,992.19 (+0.43%)
Day narrative: A split-screen session — the Dow rode a 7% crude collapse higher while tech kept bleeding from Friday's AI unwind. Breadth was actually fine; it's the megacap semis and anything debt-funding a data center that got punished.
Sectors: Best Consumer Discretionary / Financials (cyclicals led on cheap fuel) · Worst Technology (XLK -2.4%), with Energy dragged down alongside crude
Movers:
• ORCL -8.8% — filed to raise $20B ($10B stock + $10B senior notes) for the AI/cloud buildout; the market hated the debt math even though it was previewed at investor day
• AMZN +4.2% — the day's megacap standout, carrying the cyclical bid
• INTC -8.9% — follow-through punishment after Friday's ~29% collapse on soft guidance and no positive cash flow this year
• SMCI -7.6% / AVGO -5.5% — AI hardware and custom-silicon names stayed in the penalty box
• NET -5.8% — high-multiple software de-rated with rates/risk appetite churning
• AAPL -2.2% to $337.09 — slid into its own print on memory-chip cost worries, after just taking the most-valuable-company crown from Nvidia at ~$5.03T
After-hours / Earnings:
• PLTR reported a beat — non-GAAP EPS $0.49 vs $0.40 est. and raised guidance — yet shares sat roughly flat AH. Options had priced a 13% move; that's a lot of good news already in the stock
• AAPL results hit the tape right around now (~4:30 ET) with new CEO John Ternus on his first call — Street looking for ~$1.98 EPS on ~$112.95B. Options implied just under a 4% move
Watchlist:
• MU $856.02 (-3.1%)
• NVDA $202.20 (-1.0%)
• MSFT $519.42 (-0.5%)
• GOOGL $282.74 (+1.0%)
• META $610.61 (-0.7%)
• AMZN $250.37 (+4.2%)
• AAPL $337.09 (-2.2%, earnings crossing now)
• AMD $470.31 (-6.8%) — reports tomorrow PM
• TSLA $403.30 (+0.9%)
• PLTR ~$186 (range $181.63–$187.55, ~flat AH on beat)
• ARM (-3.0%) — reports Nov 4
• SMCI $30.44 (-7.6%)
• ORCL (-8.8%)
• SOUN $4.32 (+2.4%)
• IONQ (-4.1%)
• BBAI — lower with the small-cap AI complex (clean close not confirmed; treat as a guess)
• AVGO $326.08 (-5.5%)
• CRM $228.43 (-0.3%)
• ADBE ~$253.88 (+1.5%)
• IBM ~$257.82 (-0.2%)
• SNOW $309.85 (+1.2%)
• MDB $358.89 (+1.7%)
• NET $264.56 (-5.8%)
• CRWD $249.26 (-0.5%)
• TSM ~$407.78 (+0.4%)
• ASML $1,587.79 (+1.4%)
Macro:
• Crude cratered ~7% on reported U.S.–Iran diplomatic movement — Brent -6.7% to $105.87, WTI near $96. That's the single biggest input to today's tape
• Long-dated Treasury yields eased
• Bitcoin slipped ~1% below $77,000, still digesting the $6.3B Binance hack
• IPO/funding watch: Anthropic filed with the SEC Oct 26, targeting a mid-November Nasdaq listing under ticker ANT — valuation chatter has cooled from $2T toward ~$1.5T, on $17B of revenue for the September quarter, plus a $3.5B Japan raise. OpenAI cut its round target from $30B to $20B at $1.25T (down from $1.4T), with some investors explicitly waiting to see where Anthropic prints. Neither is publicly traded yet
Tomorrow: U.S. midterm elections headline the day. AMD reports Q3 after the close — consensus ~$13.1B revenue, $1.93–1.95 non-GAAP EPS, and the real question is whether Helios rack shipments can underwrite a big Q4 guide. ISM data lands this week, Qualcomm and ARM on Wednesday, and October nonfarm payrolls close out the week. Add overnight digestion of the Apple and Palantir calls.