CNBC Television·2026-08-05 16:34Market Trends and Stock Performance - Dow Jones Industrial Average and S&P 500 achieved a fifth consecutive day of gains and set new record highs, with the Dow adding 434 points to reach 54,520, and the S&P 500 rising 7 points or a tenth of 1% [1] - NASDAQ moved between gains and losses following a four-day winning streak and 2% jumps on Monday and Tuesday, eventually dipping lower by 25 points or a tenth of 1% [1] - S&P 500 and NASDAQ are on pace for their largest weekly gains in nearly 4 months, while the Dow is on track for its best week since April 2025 [3] Corporate Earnings and AI Sector Dynamics - Financial markets are being driven by a robust earnings season with 86% of companies beating Earnings Per Share (EPS), achieving a 47% year-over-year growth rate and marking seven consecutive quarters of double-digit growth [2] - AI hyperscalers are identified as the market winners, specifically companies making heavy investments and successfully monetizing AI such as Oracle, Microsoft, Amazon, and Google [2][3] - Chipmaker Advanced Micro Devices (AMD) experienced a decline of more than 6% as the biggest loser among NASDAQ 100 stocks due to investor concerns that AI spending is not accelerating revenue growth fast enough [4] - E-commerce software firm Shopify led the NASDAQ 100 with a nearly 18% gain after reporting better-than-expected profit and revenue for its latest quarter, which alleviated worries regarding its AI spending levels [4][5]