Big Tech earnings spark AI trade revival; crypto miners surge — August 1, 2026
S&P 500 +0.70% · Nasdaq +1.00% · Dow +0.53% · VIX 16.0 — August 1, 2026
The S&P 500 climbed 0.70% today on the back of earnings beats from Amazon and Apple reigniting appetite for the AI trade. The Nasdaq outpaced the broader market with a 1.00% gain, signaling that large-cap tech and growth still command conviction. Breadth was decisively bullish—72 of the top 100 most active stocks moved higher. This wasn't rotation out of mega-cap; it was rotation into it, with equal-weight strategies finally catching a breather after months of underperformance.
But the real action was in the rubble. Bitcoin miners exploded: IREN jumped 30.5% after the CEO said demand now outstrips supply, while RIOT and CLSK each rallied 21%. Nebius, the AI infrastructure play spun out of a former crypto miner, soared 27.1%. Even Bausch Health—a pharma turnaround story with no obvious AI angle—spiked 28.8% on solid Q2 results and recovery hopes. The pattern is clear: forced sellers from the recent AI correction were getting picked up, and anyone with a claim to infrastructure, semiconductors, or energy efficiency was riding the coattails. SNDK climbed 26% ahead of earnings. BE and CRWV both tied to infrastructure bets gained 26.5% and 21.5% respectively.
No insider cluster buys registered today, so the story belongs entirely to the macro reversal. When mega-cap earnings beat and the VIX sits at 16, dip-buyers emerge—and they're not picky about what they're buying as long as it connects to the AI or crypto infrastructure thesis. That's not bottoming conviction. That's momentum chasing a reversal.
Market commentary generated from the day's data and headlines — not investment advice.
Biggest moves today
- IREN (IREN LIMITED) ▲ +30.54% at $38.26 on 71.5M shares — Bitcoin Miner IREN Stock Surges 30% After CEO Says Demand Outstrips Supply (BeInCrypto)
- BHC (Bausch Health Companies Inc.) ▲ +28.85% at $6.03 on 18.2M shares — Bausch Health (BHC) Rockets 28% as Q2 Turnaround Fuels Recovery Outlook (Insider Monkey)
- CIFR (Cipher Digital Inc.) ▲ +28.10% at $22.66 on 36.1M shares — Buying the AI Reset: Why Forced Selling Equates to Opportunity (Zacks)
- KEEL (Keel Infrastructure Corp.) ▲ +27.56% at $4.05 on 64.0M shares — Missed Out On Nebius? This Former Crypto Miner Might Be Your Second Chance. (Motley Fool)
- NBIS (Nebius Group N.V.) ▲ +27.13% at $188.43 on 40.8M shares — Bloom Energy vs. NextEra Energy: Is a Fuel Cell Upstart or Renewable Energy Titan the Better Buy in 2026? (Motley Fool)
- BE (Bloom Energy Corporation) ▲ +26.49% at $207.12 on 34.9M shares — Aschenbrenner Tried to Sell Private Stakes Before Citadel Deal (Bloomberg)
- SNDK (Sandisk Corporation) ▲ +25.99% at $1279.96 on 23.2M shares — Dow Jones Futures: Market Rebounds, Now Watch For This; SpaceX, AMD, Sandisk, Eli Lilly Earnings Loom (Investor's Business Daily)
- CRWV (CoreWeave, Inc.) ▲ +21.51% at $73.90 on 43.8M shares — Aschenbrenner Tried to Sell Private Stakes Before Citadel Deal (Bloomberg)
- RIOT (Riot Platforms, Inc.) ▲ +21.27% at $22.12 on 25.7M shares — Bitcoin Mining Difficulty Falls To 19.9% (CryptoProwl)
- CLSK (CleanSpark, Inc.) ▲ +21.07% at $14.54 on 30.5M shares — Citadel buys bulk of Situational Awareness portfolio after AI stock losses: WSJ (Blockspace)
Most active by volume
| # | Ticker | Price | Change | Volume |
|---|---|---|---|---|
| 1 | INTC | $91.13 | +11.30% | 133.6M |
| 2 | MSFT | $451.10 | +15.51% | 109.3M |
| 3 | NVDA | $195.04 | +2.65% | 123.1M |
| 4 | NOK | $9.09 | +8.09% | 106.2M |
| 5 | SOFI | $16.47 | +8.14% | 83.0M |
| 6 | IREN | $38.26 | +30.54% | 71.5M |
| 7 | AMZN | $235.50 | +3.90% | 78.8M |
| 8 | PATH | $12.37 | -1.75% | 66.5M |
| 9 | KEEL | $4.05 | +27.56% | 64.0M |
| 10 | ABEV | $3.12 | +0.65% | 58.5M |
| 11 | MU | $874.66 | +18.36% | 59.6M |
| 12 | SPCX | $112.20 | -0.31% | 54.8M |
| 13 | ONDS | $7.58 | +11.04% | 54.8M |
| 14 | RIG | $5.08 | +2.63% | 52.9M |
| 15 | F | $14.86 | -2.75% | 50.3M |
| 16 | PLUG | $2.09 | +10.00% | 49.8M |
| 17 | SKHY | $149.00 | +17.52% | 50.2M |
| 18 | NU | $14.49 | +3.21% | 45.4M |
| 19 | NFLX | $73.17 | -0.62% | 51.7M |
| 20 | AAPL | $333.43 | -1.41% | 55.5M |
| 21 | JBLU | $6.07 | +6.12% | 44.3M |
| 22 | AAL | $15.43 | +3.98% | 47.2M |
| 23 | MARA | $11.82 | +17.61% | 45.0M |
| 24 | WULF | $17.82 | +18.09% | 43.7M |
| 25 | T | $23.21 | -3.05% | 49.4M |
Market data from Yahoo Finance; insider data from SEC EDGAR Form 4. For research only — not investment advice. Verify on the official source before trading.
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