ServiceNow and monday.com each surged more than 14% on Monday, leading a sharp rotation into enterprise AI software while chip stocks suffered one of their worst single-session declines of 2026. The S&P 500 closed nearly flat at 7,413 (+0.07%) and the Nasdaq Composite lost 0.82%, but the iShares Semiconductor ETF (SOXX) plunged 6.35%, illustrating exactly where the AI trade is being rewarded and where it is not.
Top AI stocks today: July 27, 2026
| Ticker | Close | Day | 1mo | YTD |
|---|---|---|---|---|
| $NOW | $105.56 | +14.81% | +17.92% | -28.41% |
| $MNDY | $82.10 | +14.44% | +22.37% | -42.76% |
| $CRM | $173.60 | +10.62% | +15.59% | -31.55% |
| $PLTR | $131.53 | +6.61% | +22.62% | -21.64% |
| $MDB | $309.71 | +3.53% | +5.31% | -22.50% |
| $CRWV | $70.79 | -12.71% | -28.32% | -10.75% |
| $TER | $334.77 | -10.43% | -29.07% | +61.29% |
| $ACMR | $79.97 | -9.56% | -25.16% | +78.19% |
| $MU | $900.20 | -9.09% | -25.82% | +185.40% |
| $LRCX | $291.61 | -8.81% | -27.43% | +57.58% |
ServiceNow surges 14.8% on Q2 earnings beat and AI pipeline strength
ServiceNow Inc. (NYSE: NOW) was the standout among AI stocks today, closing at $105.56 after last week's Q2 2026 results fully registered across the institutional buy-side. According to the ServiceNow newsroom, the company reported revenue of $3.99 billion in Q2, up 24% year-over-year, and delivered earnings per share of $0.90 versus the consensus estimate of $0.76. Subscription revenue growth accelerated on stronger-than-expected demand for AI workflow agents, with management signaling that agentic AI has become the primary growth engine rather than a supplemental feature. NOW's one-month return of +17.9% now ranks it among the strongest performers in top AI stocks 2026 within the enterprise software category.
The stock had gained only modestly on the initial earnings-day reaction last week, a pattern consistent with large institutional position-building taking several sessions to complete. Monday's 14.8% acceleration on volume roughly double recent norms reflects that absorption finishing. The next catalyst is the Q3 guidance update on the October earnings call.
monday.com jumps 14.4% as 20% layoffs unlock the AI margin story
monday.com Ltd. (NASDAQ: MNDY) rose 14.44% to $82.10 after announcing a restructuring that cuts approximately 20% of its global workforce, roughly 630 positions, and simultaneously lifts its 2026 non-GAAP operating margin guidance from about 13% to 15%. According to a Form 6-K filed with the SEC, management framed the reduction as a pivot to an AI-agent-first product architecture rather than a generic cost program, with full-year revenue growth guidance of 18-20% left intact. The market read it as a credibility signal: MNDY is willing to accept near-term headcount pain in exchange for faster operating leverage on its mondayAI suite. MNDY is an AI stock to watch for investors tracking how mid-market SaaS companies are repricing their cost structures for AI-native development.
The stock had been down more than 50% year-to-date entering the week; Monday's snap-back breaks a six-session losing streak and suggests the market is prepared to give the margin thesis the benefit of the doubt. Q2 results on August 10 will be the first real test of whether the restructuring is translating into revenue momentum.