The Trading Day · Monday, August 31, 2026

Verdict day: five earnings windows close as chip stocks wobble

Friday closed the week on a split verdict. The semiconductor complex was sold hard — SOXX −3.20%, SMH −3.47%, AMAT −4.29%, and Nvidia −4.57% to 217.55 in its second daylight session after the print — while software barely gave back any of Thursday's biggest software day of the year, IGV easing just −0.74%. Five of six hyperscalers rose into that selling, Amazon +3.97% at the front.

The Morning 10

Verdict day: five earnings windows close as chip stocks wobble

  1. 1 Software vs Semis
  2. 2 Semiconductor complex
  3. 3 AI Generation Layers
  4. 4 VRT · COHR · COHU · FIX support tests
  5. 5 Dollar & Gold
  6. 6 Volatility & Breadth
  7. 7 Sector rotation — Communications vs Health Care
  8. 8 Rubin 100 & HALO 100
  9. 9 Euro-AI 50 & German CPI
  10. 10 Gene Munster · Deepwater Asset Management

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