2026.08.2420:09:10UTC+00US Stock Market Mixed as Chipmakers Slide

US stocks ended mixed on Monday as weakness in chipmakers offset gains across the broader market. The S&P 500 slipped 0.3% and the Nasdaq fell 1%, while the Dow rose by 140 points. AI infrastructure names led the declines amid ongoing uncertainty about future returns in the space, though sentiment was partially supported by anticipation of upcoming LLM developer IPOs, which eased worries that capital spending on chips has already gone too far.

Among key movers, Broadcom dropped 2.6%, Micron lost 5.8%, AMD fell 3.5%, Intel slid 3.1% and Sandisk tumbled 6.4%. Nvidia declined 2.9% ahead of its earnings release on Wednesday, viewed as the next major catalyst for AI-related trades.

Energy prices edged lower but remained elevated after the US pledged to further isolate Iran economically, stoking inflation concerns as higher energy costs amplify the impact of large fiscal deficits and Treasury bond-buyback programs. Elsewhere, credit services stocks rebounded from last week’s pullback, with Visa up 3.1% and Mastercard gaining 3.3%.