AI Stocks Midday
📊 AI Stocks Midday Pulse — Tuesday, July 7, 2026 at 10:30 AM
Indices: SPX 7,517 (-0.27%) · NDX ~29,620 (-0.26%) · DJI 52,906 (-0.28%)
Tone: choppy — flat on the surface, but big rotation underneath; chips getting hammered while software holds firm
Movers so far:
• ARM -6.58% — semiconductor selloff accelerating after Samsung Q2 preliminary miss
• MU -6.35% — memory stocks sliding into bear territory on Samsung supply/demand fears
• AMD -6.07% — dragged down by broader chip rout despite its own prior Q1 beat
• NET +7.85% — Cloudflare surging as money rotates hard into software/cloud
• TSM +4.94% — Taiwan Semi defying chip fear; potential beneficiary if customers shift away from Samsung fabs
• ADBE +4.80% — bucking a BofA downgrade, rallying on AI-driven optimism about long-term strategy
Watchlist:
• MU $922.17 (-6.35%) ⚠️
• NVDA $194.77 (-0.40%)
• MSFT $393.39 (+1.72%)
• GOOGL $368.17 (+0.47%)
• META $612.19 (+1.98%)
• AMZN $243.05 (-0.46%)
• AAPL $313.44 (+0.25%)
• AMD $518.53 (-6.07%) ⚠️
• TSLA $407.26 (-2.98%)
• PLTR $133.70 (+0.88%)
• ARM $315.28 (-6.58%) ⚠️
• SMCI $27.22 (-1.56%)
• ORCL $143.76 (+2.49%)
• SOUN $6.73 (-3.35%) ⚠️
• IONQ $46.11 (-5.65%) ⚠️
• BBAI $3.42 (-4.59%) ⚠️
• AVGO $369.52 (-1.17%)
• CRM $156.66 (-0.80%)
• ADBE $228.54 (+4.80%) ⚠️
• IBM $299.52 (+3.45%) ⚠️
• SNOW $266.16 (+1.55%)
• MDB $362.67 (+1.33%)
• NET $266.98 (+7.85%) ⚠️
• CRWD ~$202.74 (~+1.7%)
• TSM $477.57 (+4.94%) ⚠️
• ASML ~$1,705 (~-3.6%) ⚠️ (European ADR — chip-rout spillover from Samsung miss)
News:
• Samsung Q2 prelim disappoints — EUV capacity fears spreading across semiconductor supply chain; Bernstein raised ASML target to €2,300 but the stock still slid ~3.6% in European trade
• FOMC minutes drop tomorrow (July 8) — Fed held at 3.5–3.75% in June with inflation at 4.2% YoY; market parsing for any rate-cut signal ahead of the release
• IPO watch: Anthropic filed draft S-1 June 1 at $965B valuation, tracking late-2026 debut; OpenAI now weighing delay to 2027 after SpaceX's post-IPO slide from $225 to ~$153