--- title: "Chip Stocks Routed as Coca-Cola Hits Record, Dow Surges Nearly 400 Points" type: "News" locale: "en" url: "https://longbridge.com/en/news/294092821.md" description: "Semiconductor stocks plunged across the board, with Micron down over 8% and AMD off nearly 7%. Coca-Cola rallied 7% to a record high, lifting the Dow nearly 400 points higher." datetime: "2026-07-28T16:24:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294092821.md) - [en](https://longbridge.com/en/news/294092821.md) - [zh-HK](https://longbridge.com/zh-HK/news/294092821.md) generator: "portal-rs" --- # Chip Stocks Routed as Coca-Cola Hits Record, Dow Surges Nearly 400 Points U.S. stocks diverged sharply on July 28, with the three major indexes moving in opposite directions. The Nasdaq dropped over **1%**, dragged down by a broad rout in semiconductor shares, while the S&P 500 edged slightly lower. The Dow Jones bucked the trend, surging nearly **400 points**, powered by blue-chip winners including Coca-Cola. Chip stocks suffered heavy selling pressure, with Micron, AMD, and Intel each sliding more than **5%** as concerns over AI financing rippled through the market. On the defensive side, consumer staples attracted inflows — Coca-Cola soared **7%** to an all-time high after beating earnings estimates, while Netflix gained over **4%** to lead tech heavyweights. Airlines also caught a bid, with JetBlue jumping more than **8%**. **Semiconductor Sector Crumbles — Micron Down Over 8%, AMD Off Nearly 7%** At the time of writing, Micron (MU) tumbled more than **8%** to **$822.16**; AMD (AMD) fell nearly **7%** to **$460.83**; Corning (GLW) plunged over **15%** to **$121.24**; Intel (INTC) dropped more than **5%** to **$86.82**; and SK Hynix (SKHY) lost over **7%** to **$132.78**. Nvidia (NVDA) edged up **0.7%** to **$197.90**, ranking among the most actively traded names on the session. On the news front, Nvidia's five-year credit default swap (CDS) spiked to **82 basis points**, a record high, stoking fears over the massive financing risks tied to its AI infrastructure buildout. Nvidia had already shed roughly **6%** over the prior two sessions, losing its crown as the world's most valuable company. Meanwhile, skepticism over the return on AI capex continued to simmer — Alphabet shares recently plunged **7%** after it sharply raised its 2026 capital expenditure outlook, and investors are turning increasingly cautious ahead of earnings from Meta, Microsoft, and other tech giants. **Coca-Cola Rallies 7% to Record High as Consumer Defensives Strengthen** Coca-Cola (KO) surged about **7%** to a fresh intraday record. The beverage giant delivered an earnings beat, posting EPS of **97 cents** versus the **93 cents** consensus, while net revenue climbed **7%** to **$13.4 billion**. The company raised its full-year guidance for the second time. Barclays, UBS, Citi, and Bank of America all lifted their price targets. Netflix (NFLX) advanced more than **4%** to **$73.24**; AT&T (T) added over **1%** to **$24.71**; and Pfizer (PFE) rose nearly **2%** to **$25.15**. **AI-Theme Plays Diverge — Palantir Drops Over 5%** At pixel time, Palantir (PLTR) slumped more than **5%** to **$124.13**, and Super Micro Computer (SMCI) fell nearly **5%** to **$28.39**. On the other side, Nvidia staged a modest rebound and Applied Digital gained close to **2%**. Market patience with enormous AI spending is being tested, with prediction markets assigning an **18%** probability of an AI bubble burst by 2026. Elsewhere, airline stocks showed strength — JetBlue (JBLU) surged over **8%** and American Airlines (AAL) rose nearly **2%**. In energy, Transocean (RIG) declined more than **3%**. Among China-concept pharmaceutical names, China SXT Pharmaceuticals (SXTC) cratered over **26%**. ### Related Stocks - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [GLW.US](https://longbridge.com/en/quote/GLW.US.md) - [KO.US](https://longbridge.com/en/quote/KO.US.md) - [NFLX.US](https://longbridge.com/en/quote/NFLX.US.md) - [PLTR.US](https://longbridge.com/en/quote/PLTR.US.md) ## Related News & Research - [Google Is Reportedly Working with AMD for Its New TPU. What This Means for AMD Stock.](https://longbridge.com/en/news/296528134.md) - [Whittier Trust Co. of Nevada Inc. Buys 89,030 Shares of Intel Corporation $INTC](https://longbridge.com/en/news/295998077.md) - [CocaCola Company (The) $KO Shares Sold by Resona Asset Management Co. Ltd.](https://longbridge.com/en/news/296591285.md) - [Top AMD Executive Makes High-Profile Stock Move That’s Turning Heads](https://longbridge.com/en/news/296294215.md) - [Glynn Capital Management LLC Boosts Stock Holdings in Advanced Micro Devices, Inc. $AMD](https://longbridge.com/en/news/296072301.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**