US Stocks Slip as AI Spending Jitters Hit Chipmakers; Gold Surges

Hyperdash News|08/05/2026 20:30 UTCMacro

US stocks closed lower Thursday as concerns over swelling artificial-intelligence capital spending weighed on semiconductor shares, sending the S&P 500 down -0.17% to 7,724 and the Nasdaq down -0.83% to 26,363. Gold jumped and Treasury yields eased.

Scoreboard

• S&P 500 7,724 (-0.17%)
• Euro Stoxx 50 6,477 (-0.15%)
• Nikkei 225 66,300 (+3.66%)
• Gold 4,308 (+3.75%)
• WTI 75.07 (-0.92%)
• US 10Y 4.613% (-1bp)
• DXY 99.6940 (-0.16%)
• Bitcoin 64,792 (+1.06%)
• VIX 15.82 (-4.12%)
• DE 10Y 3.104% (+0bp)

Chip stocks led the retreat after AMD sank following earnings and reports of a SpaceX slide tied to AI spending and a looming share unlock. Hedge funds sold semiconductors while long-only investors bought. Gold jumped to 4,308, up +3.75%, as the dollar edged lower, with the DXY at 99.6940. The US 10-year yield eased -1bp to 4.613%, pressured by wire reports on Russian nuclear-doctrine changes. Bitcoin rose +1.06% to 64,792. The VIX fell -4.12% to 15.82. Abroad, the Nikkei 225 jumped +3.66% to 66,300, while Europe's Euro Stoxx 50 slipped.

Key headlines

• US Distillate Fuel Exports Hit Record High
• Houthis Claim Attacks on Eight Saudi Ships, Oil Jumps 1%
• Hedge Funds Sell Semiconductor Stocks While Long-Only Investors Buy
• Lisa Su brushes off Musk's Nvidia commitment as AMD stock sinks after earnings

The takeaway

The split in positioning stands out: hedge funds sold semiconductor stocks while long-only investors bought them. That divergence, alongside AMD's post-earnings drop and the SpaceX decline, signals a market reassessing whether elevated AI spending will translate into near-term returns rather than abandoning the theme outright.

Investors will watch for follow-through in chip shares after the AMD reaction and any further AI-spending commentary. Developments on the reported Russian nuclear-doctrine shift, the Houthi attacks on Saudi shipping, and the Trump administration's tariff refunds remain open catalysts for rates, oil and the dollar heading into the next session.

View the S&P 500 chart and data on Hyperdash

Frequently asked questions: August 5, 2026

What happened in the markets today?

US stocks closed lower, with the S&P 500 down -0.17% to 7,724 and the Nasdaq down -0.83%, as AI-spending concerns hit chipmakers. Gold jumped to 4,308 and Treasury yields eased.

Did the stock market go up or down today?

The US stock market fell. The S&P 500 declined -0.17% to 7,724 and the Nasdaq dropped -0.83% to 26,363, led lower by semiconductor shares.

Why did markets move today?

Concerns over rising AI capital spending pressured chip stocks, with AMD falling after earnings. Reports of Russian nuclear-doctrine changes helped push Treasury yields lower, sending the 10-year down -1bp to 4.613%.

How did the S&P 500 do today?

The S&P 500 closed down -0.17% at 7,724, weighed by semiconductor stocks amid worries about the scale of AI spending.

What did the dollar and Treasury yields do today?

The dollar edged lower, with the DXY at 99.6940, down -0.16%. The US 10-year Treasury yield eased -1bp to 4.613%.

Where can I track live market data across asset classes?

Hyperdash shows real-time prices, charts and positioning for equities like the S&P 500, commodities like Gold and crypto like Bitcoin, all in one dashboard.

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