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Chip Stocks Rally; JetBlue Falls, Nike Hits 52‑Week Low

Bullish Gator

AI-linked chip stocks climb after Anthropic’s strong Q2 revenue; notable winners include Nvidia, Micron and Applied Materials. JetBlue tumbles on downgrade and balance-sheet risk; Nike falls to a 52-week low amid competitor guidance.

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What stands out

Chip stocks jumped after Anthropic told prospective investors its preliminary second quarter (Q2) revenue was $11.5 billion, roughly a 14-fold year-over-year (YoY) increase, and that kind of demand narrative flows straight into memory and GPU suppliers. Micron popped along with other AI-linked names while NVIDIA stayed the poster child for explosive AI economics. Meanwhile Nike falling to a 52-week low is a sober reminder that the market’s gains are concentrated and not rescuing every sector.