Tech Chips Crater on Memory Glut While Crypto and Quantum Pop — July 29, 2026
S&P 500 +0.21% · Nasdaq -0.22% · Dow +1.03% · VIX 18.2 — July 29, 2026
Memory semiconductors got walloped today as SK Hynix's Q2 miss rippled across the sector—SanDisk down 11%, SK Hynix itself off 7.5%—dragging the Nasdaq into the red despite solid breadth (67 of the top 100 stocks up). The Dow climbed 1.03% on defensive plays; the S&P 500 barely held positive ground at +0.21%. The story is straightforward: when your DRAM and NAND suppliers miss, everyone upstream feels it. KMI beat on pipeline strength and MKS gained on HBM demand, but the macro message from Wall Street is grim—Morgan Stanley flagged a troubling S&P 500 repeat, a warning about concentration risk that today's selloff in mega-cap chip names (NVDA, ASML in the overnight slide) underscored.
Meanwhile, the fringe assets that thrive on rate cuts and speculative fervor ripped higher. BitMine's Ethereum treasury bet paid off in a 13.5% surge. Quantum computing stocks—Rigetti +10.5%, IonQ +9.4%—caught bid as WisdomTree sized up the industry. Hims jumped 7.7% on FDA panel backing for peptide compounds. AMC gained 10.6%, though the headline noise (Royal Caribbean's earnings beat) had nothing to do with AMC itself—pure retail FOMO on a beaten-down ticker.
The split reveals a market sorting itself: large-cap chip exposure is radioactive; small-cap bets on emerging tech and biotech get the bid. And unlike most days, there's no insider cluster buying to triangulate what company leadership actually believes. The gap between what gets sold (memory chips) and what gets bought (quantum, crypto, peptides) is widening. That's not a disagreement—it's a divergence.
Market commentary generated from the day's data and headlines — not investment advice.
Biggest moves today
- BMNR (BitMine Immersion Technologies,) ▲ +13.49% at $17.92 on 61.1M shares — Bitmine Stock Pops 13% as ETH Treasury Bet Pays Off on Wall Street (BeInCrypto)
- SNDK (Sandisk Corporation) ▼ -11.02% at $1278.23 on 20.9M shares — SK Hynix’s Q2 Miss Triggers Memory Stock Rout: MU, SNDK Slip But STX Holds Up In Green After Q4 Strong Report (Stocktwits)
- AMC (AMC Entertainment Holdings, Inc) ▲ +10.57% at $2.51 on 48.9M shares — Royal Caribbean Q2 Earnings & Revenues Beat Estimates on Strong Demand (Zacks)
- RGTI (Rigetti Computing, Inc.) ▲ +10.53% at $15.64 on 30.4M shares — You Cannot Protect What You Cannot See: A Cybersecurity Company Just Built a Map for the Encryption Hiding Inside Your Business (CNW Group)
- VG (Venture Global, Inc.) ▼ -10.41% at $12.82 on 19.9M shares — KMI Q2 Earnings Beat Estimates on Natural Gas Pipeline Strength (Zacks)
- IONQ (IonQ, Inc.) ▲ +9.38% at $35.92 on 28.2M shares — Quantum Computing Stocks: Here's How WisdomTree Sizes Up The Industry (Investor's Business Daily)
- HIMS (Hims & Hers Health, Inc.) ▲ +7.65% at $30.24 on 15.1M shares — HIMS Stock Rises Overnight: Retail Traders Bet On Peptides Upside After FDA Panel Backs 6 Of 7 Compounds (Stocktwits)
- MSTR (Strategy Inc) ▲ +7.61% at $98.65 on 17.3M shares — MKS (MKSI) Gains from Surging Demand for High Band Memory (HBM) (Insider Monkey)
- SKHY (SK hynix Inc.) ▼ -7.47% at $143.02 on 49.6M shares — AI Memory Stocks Lead Chip Selloff (GuruFocus.com)
- PATH (UiPath, Inc.) ▲ +7.20% at $11.62 on 53.8M shares — Marvell Technology vs. UiPath: Which Tech Stock Is a Better Buy in 2026? (Motley Fool)
Most active by volume
| # | Ticker | Price | Change | Volume |
|---|---|---|---|---|
| 1 | NVDA | $196.51 | -4.99% | 153.4M |
| 2 | INTC | $91.67 | -0.70% | 132.0M |
| 3 | NOK | $9.28 | +1.98% | 91.9M |
| 4 | AAL | $14.95 | +3.28% | 93.2M |
| 5 | T | $24.42 | +1.20% | 74.2M |
| 6 | ONDS | $8.02 | +2.82% | 66.3M |
| 7 | NU | $14.53 | +3.12% | 63.7M |
| 8 | SOFI | $16.88 | +2.55% | 66.0M |
| 9 | SPCX | $113.50 | -1.36% | 63.4M |
| 10 | RIG | $5.28 | -1.31% | 60.4M |
| 11 | PLUG | $2.06 | -1.44% | 57.2M |
| 12 | F | $14.68 | +2.16% | 54.6M |
| 13 | BMNR | $17.92 | +13.49% | 61.1M |
| 14 | PATH | $11.62 | +7.20% | 53.8M |
| 15 | JOBY | $7.37 | +6.35% | 52.5M |
| 16 | JBLU | $5.43 | +3.04% | 58.3M |
| 17 | AMC | $2.51 | +10.57% | 48.9M |
| 18 | SKHY | $143.02 | -7.47% | 49.6M |
| 19 | INFY | $11.70 | +5.31% | 47.8M |
| 20 | GRAB | $3.35 | +1.21% | 63.5M |
| 21 | QBTS | $16.21 | -5.20% | 47.2M |
| 22 | MARA | $11.77 | -2.89% | 43.1M |
| 23 | SOUN | $6.41 | +4.06% | 42.8M |
| 24 | MU | $900.20 | -2.25% | 46.9M |
| 25 | HL | $15.19 | +0.33% | 41.0M |
Market data from Yahoo Finance; insider data from SEC EDGAR Form 4. For research only — not investment advice. Verify on the official source before trading.
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