AI Stocks Close
🔔 AI Stocks Close — Thursday, October 22, 2026 at 2:15 PM
Closes: SPX 7,663.43 (-1.21%) · Nasdaq Comp 26,008.86 (-2.6%) · DJI 52,867.98 (+0.02%)
Day narrative: A split-screen session — the Dow scratched out a gain while the Nasdaq booked its ugliest day since early June, as Meta's capex guide and Lam Research's supply-chain warning reignited the "who's paying for all this AI" argument. Money didn't leave the market so much as rotate hard into staples, utilities and Treasuries.
Sectors: Best Consumer Staples (+2.74%) · Worst Technology (XLK -3.44%)
Movers:
• AMD -8.10% — caught the full force of the chip unwind; SOX index off ~4%
• ASML -6.93% / MU -6.26% — semicap and memory punished on supply-chain and capital-cost worries
• META -6.98% — Q3 beat got buried by $135–145B 2026 capex and a 2-for-1 split announcement
• LRCX ~-9% — guidance miss plus "supply chain constraints" language; the day's trigger
• CRWV -10% — debt-heavy AI infrastructure names bore the brunt of the cost-of-capital repricing
• MRNA -20%+ — cancer vaccine data leaked on social media showing 38% risk reduction, under the bar
• BX +8% — upbeat guidance on upcoming investment sales; ADBE +6.07% and CRM +3.52% as software caught the rotation
After-hours / Earnings:
• INTC and F are both on the tape after this bell — Intel's call is at 5:00 PM ET, so no confirmed numbers yet at this writing. Intel closed -5.06% into the print. (Guess: sources conflict on whether Intel's report is tonight or Oct 29 — treat tonight as unconfirmed.)
• Broad after-hours tape is quiet so far: SPY -0.03%, QQQ -0.02%, DIA +0.03%
Watchlist:
• MU $856.49 (-6.26%)
• NVDA $212.21 (-4.40%)
• MSFT $521.08 (-2.23%)
• GOOGL $324.22 (-3.15%)
• META $648.85 (-6.98%)
• AMZN $250.38 (-4.57%)
• AAPL $348.22 (+1.23%)
• AMD $507.93 (-8.10%)
• TSLA $374.58 (-3.08%)
• PLTR $196.19 (-2.74%)
• ARM $210.10 (-7.28%)
• SMCI $33.72 (-5.20%)
• ORCL $125.54 (-2.78%)
• SOUN $4.51 (-2.21%)
• IONQ $31.16 (-3.47%)
• BBAI $2.13 (-2.74%)
• AVGO $323.24 (-4.31%)
• CRM $250.29 (+3.52%)
• ADBE $270.55 (+6.07%)
• IBM $252.11 (+0.26%)
• SNOW $313.96 (-2.72%)
• MDB $362.24 (-7.30%)
• NET $303.61 (-1.18%)
• CRWD $237.94 (-0.58%)
• TSM $412.35 (-4.52%)
• ASML $1,560.54 (-6.93%)
Macro:
• 10-year yield fell 11bp to 5.02% — a genuine flight into bonds, not just a tech wobble
• Brent $113/bbl, WTI $100 on reports of US-Israel preparations for a potential Iranian attack
• Weekly jobless claims 194,000, lowest in three months — labor market still tight
• IPO watch: OpenAI is pushing to lock in ~$30B at a $1.4T valuation ahead of Anthropic's expected mid-November IPO, which is targeting a $2T valuation. Neither is publicly traded yet — news flow only.
Tomorrow: Flash S&P Global PMIs (services consensus 58.0, manufacturing 55.5) and University of Michigan sentiment with inflation expectations at 4.7% one-year, 3.5% five-year. Earnings from American Express and SLB. Hot PMIs plus sticky expectations would push yields back up and press growth names again.