AI chip demand lifts cloud and GPU stocks sharply higher — August 4, 2026
S&P 500 +1.48% · Nasdaq +2.13% · Dow +1.32% · VIX 15.9 — August 4, 2026
The market made a clean pivot today: risk-on, breadth strong, and the Nasdaq leading the way up 2.13%. The story is infrastructure for artificial intelligence. CoreWeave jumped 19.5% on a Leidos partnership—a defense contractor betting on their data center and GPU rental platform. AXT, a semiconductor equipment maker, added 13.6% after earnings. Nebius, another cloud-compute play chasing the AI boom, climbed 11.6%. Oracle rose 9.2% on a cloud deal announcement. The broader rally suggests investors are rotating into the companies building the pipes for large language models rather than the companies using them.
Outside the AI trade, the tape was cleaner than the headlines suggest. CoreWeave's partnership was concrete—a real customer. Newell Brands, of all names, jumped 13.6% and broke a "terrible streak"; that's a consumer goods story, not an AI one. GameStop fell 12.2% on debt restructuring news, though retail traders were reading it as a potential setup rather than a death knell. SoFi gained 10.5% despite being flagged as a "cash-burning stock" in the same breath analysts praised it. The financial press spent the day arguing against a bunch of stocks—DLTR, BILL, AVO, TFIN—but the market ignored them.
JPMorgan made a "surprising" S&P 500 call after inflation data, enough to move the needle. Corporate bonds beat Treasuries on yield, signaling confidence in credit. No insider cluster buys today, so the floor is yours to find the edge elsewhere. With VIX at 15.9 and 83 of the top 100 most active stocks higher, this was a straight risk-on day dressed up by AI momentum.
Market commentary generated from the day's data and headlines — not investment advice.
Biggest moves today
- CRWV (CoreWeave, Inc.) ▲ +19.49% at $85.76 on 44.0M shares — CoreWeave Just Scored a Leidos Partnership. What That Means for CRWV Stock Here. (Barchart)
- AXTI (AXT Inc) ▲ +13.64% at $68.67 on 17.2M shares — AXT (AXTI) Q2 2026 Earnings Call Transcript (Motley Fool)
- NWL (Newell Brands Inc.) ▲ +13.57% at $6.36 on 26.1M shares — Consumer goods giant quietly wows investors after terrible streak (TheStreet)
- GME (GameStop Corporation) ▼ -12.25% at $19.06 on 41.6M shares — GME Stock Ticks Up Overnight: Retail Believes GameStop’s Massive Debt Exchange Signals A Bigger Corporate Play (Stocktwits)
- RDW (Redwire Corporation) ▲ +11.83% at $9.64 on 17.1M shares — Redwire (RDW) Stock Looks Stretched On Its 154% Three Year Run (Simply Wall St.)
- ONDS (Ondas Inc) ▲ +11.75% at $8.37 on 54.8M shares — Former Mossad Director David Barnea Joins Ondas, Bringing Decades of National Security Leadership and Advanced Technology Experience to Support the Company's Global Expansion (ACCESS Newswire)
- NBIS (Nebius Group N.V.) ▲ +11.64% at $212.58 on 25.4M shares — Better Neocloud Stock: CoreWeave vs. Nebius (Motley Fool)
- SOFI (SoFi Technologies, Inc.) ▲ +10.55% at $18.03 on 79.2M shares — 1 Cash-Burning Stock to Own for Decades and 2 We Question (StockStory)
- CORZ (Core Scientific, Inc.) ▲ +10.18% at $22.83 on 23.7M shares — WULF, CORZ, CLSK Stocks Get A Thumbs Up From B. Riley – MSTR Sees A Price Target Cut (Stocktwits)
- ORCL (Oracle Corporation) ▲ +9.22% at $141.85 on 49.3M shares — Minor Hotels Accelerates Global Digital Transformation with Oracle Cloud (PR Newswire)
Most active by volume
| # | Ticker | Price | Change | Volume |
|---|---|---|---|---|
| 1 | NVDA | $206.64 | +2.93% | 127.5M |
| 2 | INTC | $91.00 | +0.89% | 93.5M |
| 3 | AMZN | $284.02 | +4.58% | 86.0M |
| 4 | SOFI | $18.03 | +10.55% | 79.2M |
| 5 | AMC | $2.85 | +1.06% | 66.8M |
| 6 | SPCX | $114.53 | +5.68% | 69.4M |
| 7 | SNAP | $5.04 | +7.46% | 74.6M |
| 8 | AAPL | $303.42 | -1.78% | 72.0M |
| 9 | NOK | $9.36 | +2.41% | 58.8M |
| 10 | MSFT | $487.65 | +4.93% | 61.7M |
| 11 | GRAB | $3.67 | +4.86% | 62.8M |
| 12 | ONDS | $8.37 | +11.75% | 54.8M |
| 13 | AAL | $16.04 | +5.04% | 53.2M |
| 14 | T | $23.59 | +1.46% | 46.7M |
| 15 | PLTR | $125.65 | +2.10% | 67.1M |
| 16 | PLUG | $2.08 | +0.97% | 47.9M |
| 17 | ORCL | $141.85 | +9.22% | 49.3M |
| 18 | CRWV | $85.76 | +19.49% | 44.0M |
| 19 | GME | $19.06 | -12.25% | 41.6M |
| 20 | MU | $829.50 | +0.79% | 42.0M |
| 21 | PATH | $13.05 | +2.27% | 40.8M |
| 22 | IREN | $39.75 | +8.02% | 42.7M |
| 23 | ABEV | $3.05 | -1.93% | 40.8M |
| 24 | WULF | $18.83 | +6.63% | 38.9M |
| 25 | OWL | $11.16 | +8.35% | 36.8M |
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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