The AI-bubble scare that took Seoul's Kospi down nearly 11% and tripped a circuit breaker did not generalize here. It found one name — AMD — and stopped.
Samsung Electronics and SK Hynix took double-digit hits on heavy chip selling. The S&P 500 still added 15.98 points to close at 7,429.16. Six of our ten names finished green.
Verdict
This was a single-name repricing wearing a macro costume. Containment holds while NVDA defends $192.74 — below it, the Seoul selling has crossed the water.
| Symbol | Close | Change | Day range | 52-week range |
|---|---|---|---|---|
| AAPL | $340.01 | +3.09 (+0.92%) | $335.61–$342.87 | $201.50–$342.87 |
| MSFT | $393.40 | +4.30 (+1.11%) | $391.43–$400.29 | $349.20–$555.45 |
| NVDA | $196.94 | +0.43 (+0.22%) | $192.74–$198.69 | $164.07–$236.54 |
| GOOGL | $333.64 | +7.08 (+2.17%) | $324.46–$335.88 | $187.82–$408.61 |
| AMZN | $230.74 | -0.65 (-0.28%) | $228.10–$233.05 | $196.00–$278.56 |
| META | $593.32 | -0.55 (-0.09%) | $587.01–$600.95 | $520.26–$796.25 |
| TSLA | $307.37 | -1.85 (-0.60%) | $300.70–$311.13 | $297.82–$498.83 |
| JPM | $357.35 | +1.14 (+0.32%) | $354.20–$359.19 | $279.10–$359.19 |
| V | $366.27 | +3.74 (+1.03%) | $362.96–$371.14 | $293.89–$371.14 |
| AMD | $454.73 | -40.22 (-8.13%) | $442.35–$472.83 | $149.22–$584.73 |
The Names
AMD $454.73 — down $40.22, or 8.13%. Gapped down 5.85% at the open and never repaired it. Volume was 7.1M. Now 22.2% below the $584.73 52-week high. A close below Tuesday's $442.35 low says the selling has legs.
NVDA $196.94 — up 0.22% on 24M shares, the heaviest on the board. Gapped down 0.79%, then closed in the upper third of its range. Buyers showed up under $195. That is the print that matters more than AMD's.
AMD and NVDA — same sector, same catalyst, 8.35 percentage points apart on the day. Three names closed within 1.3% of their 52-week highs.
GOOGL $333.64 — up 2.17%, best performer, closed in the upper fifth of the range. Gapped up and added to it. Bought while chips bled.
V $366.27 — up 1.03% and 1.3% below the $371.14 52-week high. Payments took the bid again. A close above $371.14 is the breakout level the desk is watching.
JPM $357.35 — up 0.32%, half a percent under its 52-week high, on 983,750 shares. Thin tape, no distribution.
AAPL $340.01 — up 0.92% into this week's print, 0.8% below the $342.87 52-week high. Gapped up 0.95% and held most of it.
MSFT $393.40 — up 1.11% but tagged $400.29 and closed in the lower third of the range. That is a fade off the high, and $400 is the widely watched round number it failed at.
META $593.32 — flat, down 0.09%. Our Monday call for a reclaim of $609.98 by Aug 1 is running out of room. Volume was 1.6M, the lightest of the ten.
The Risk Sheet
- Contagion spreads past AMD → NVDA closes below $192.74 → the containment read is wrong and the whole complex is repricing.
- Fed surprise Wednesday → futures priced a 32% hike probability, down from 38% Monday → a hike hits the quality bid in V and JPM first.
- Mega-cap earnings miss → AAPL closes below $335.61 → the 52-week-high breakout is dead and the defensive rotation loses its anchor.
- AMD dead-cat bounce fails → no reclaim of $472.83 → the gap stays open and $442.35 gets tested.
Tomorrow's Checklist
- NVDA $192.74 support
- AMD $442.35 invalidation
- V $371.14 breakout