AI Stocks Split: Microsoft Soars While Chipmakers Slide

On July 30, 2026, Microsoft posted its best single-day gain since 2008, while Nvidia fell over 3% and AMD dropped roughly 5%. SK Hynix's weak earnings pressured semiconductor names. The divergence suggests investors are separating AI's software and cloud layer from its chip-production layer — a shift from the sector's earlier all-boats-rise phase.