Tagovailoa to play at least first series with starters in Falcons' preseason opener against Broncos

FLOWERY BRANCH, Ga. (AP) — Atlanta Falcons coach Kevin Stefanski on Wednesday said starters, including quarterback Tua Tagovailoa, will play at least the first series in Friday night's preseason opener against the Denver Broncos.

With Michael Penix Jr. still not cleared for team drills as he continues his recovery from surgery on his left knee, the Falcons' expected quarterback competition has been put on hold. Tagovailoa, the former Miami Dolphins starter who signed a one-year deal with Atlanta, has a clear path to the starting job as long as Penix is limited to individual work and seven-on-seven drills in practice.

Stefanski said Tagovailoa and other first-team players will play “a series, maybe 10 plays. We'll see which comes first.” Stefanski said the playing time could vary for some starters.

When asked if Tagovailoa's start means he has won the starting job for the season, Stefanski said: “As you guys know, I’m not there, we’re not there. ... We just will cross that bridge when we get to it. Obviously, I feel very good about where Tua is, where all of our guys are.”

Cooper Rush, who was signed at the start of training camp to give the team another veteran at quarterback, will play behind Tagovailoa. Undrafted rookie Jack Strand will finish the game.

Stefanski said Tagovailoa is “looking forward to getting his first action in a game in the system. There’s a lot of newness for him as well, in terms of that type of thing. It’s his first time in (Mercedes-Benz Stadium) as a Falcon.”

Tagovailoa said Tuesday he believes preseason games are important as he adjusts to the Falcons' playbook.

“Preseason plays a big role, I would say, for your team collectively,” Tagovailoa said. “You don’t have the coaches out there. You gotta go out there, you gotta make the calls, whether it’s right or wrong. You gotta live with them, and then from there you come in the next day, you watch film, you talk about it, and you go from there.”

Added Tagovailoa: “With the walk-throughs that we’ve had, you start to get more and more comfortable with the terminology. ... So getting comfortable, but it’s still something that I need to look over, need to continue to study and continue to process.”

Quarterbacks coach Alex Van Pelt said Tuesday Tagovailoa “is becoming more comfortable with the system” after being limited by lower back tightness at the start of training camp. “Really the last three or four days he’s really come on when you’re acclimating a quarterback into a new offense,” Van Pelt said.

While some teams hold out starters for most or all preseason games, Stefanski's decision to give his first-team players at least one series is consistent with the first-year Atlanta coach allowing players to be tackled in full-pads drills. Some coaches opt for “thud” tackles where players are not taken to the ground.

Stefanski said his goal is to have players “physically ready ... and mentally ready” for a 17-game regular season “and then more.”

“I just believe in making what we do out in the grass as close to football and as close to game-like as you can,” he said. “In order to do that, you have to practice hard. That’s just what comes with the territory of what we believe in.”

Stefanski said Penix will continue to be held out of team drills next week when the Falcons travel to Indianapolis for joint practices with the Colts.

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Atlanta Falcons head coach Kevin Stefanski watches the team work out during an NFL training camp, Friday, Aug. 7, 2026, in Flowery Branch, Ga. (AP Photo/Mike Stewart)

Atlanta Falcons quarterback Michael Penix Jr. (9) and Tua Tagovailoa speak during a Atlanta Falcons training camp, Monday, Aug. 3, 2026, in Flowery Branch, Ga. (AP Photo/Mike Stewart)

Atlanta Falcons quarterback Tua Tagovailoa (1) works out during an NFL training camp, Friday, Aug. 7, 2026, in Flowery Branch, Ga. (AP Photo/Mike Stewart)

Atlanta Falcons quarterback Tua Tagovailoa (1) works out during an NFL training camp, Friday, Aug. 7, 2026, in Flowery Branch, Ga. (AP Photo/Mike Stewart)

NEW YORK (AP) — Wall Street is flirting with a record Wednesday after several AI stocks reported better growth for the spring than analysts expected, while a report showed inflation across the United States was slightly less bad last month.

The S&P 500 added 0.4% and was on track for its first gain since setting its all-time high on Friday. The Dow Jones Industrial Average was up 13 points, or less than 0.1%, as of 2:25 p.m. Eastern time, and the Nasdaq composite was 0.7% higher.

Stocks in the artificial-intelligence technology business helped lead the way after strong profit reports bolstered hopes they can continue to deliver big-enough growth to justify the huge gains their prices have made.

Super Micro Computer, which sells servers and other equipment, jumped 19.6% after reporting earnings per share for the latest quarter that were 84% higher than analysts expected. It also gave forecasts for upcoming profit and revenue that topped analysts’ expectations.

CoreWeave, which offers AI computing power to customers over the cloud, leaped 19.4% after reporting better revenue for the latest quarter than analysts expected, along with a milder loss. CEO Michael Intrator said demand is accelerating from customers as big businesses adopt AI.

CoreWeave gives its customers access to AI chips from Nvidia, and Nvidia climbed 3.1%. It was the single strongest force lifting the S&P 500.

It’s a return to strength for AI stocks, which have been veering on a roller-coaster ride. After surging to records, AI stocks came under pressure on worries that they shot too high. Investors wanted to see big spenders on AI prove that their investments are yielding enough in profits and productivity to make them worth it. That in turn could lead to continued demand for chips and other AI infrastructure.

Wall Street also got some support from easing yields in the bond market. Treasury yields fell after a report showed that U.S. consumers paid prices for gasoline, groceries and other costs of living last month that were 3.4% higher than a year earlier.

That’s higher than anyone would like, but it’s not as bad as June's 3.5% inflation rate.

The deceleration could give the Federal Reserve more leeway to hold off on hikes to interest rates. Higher rates would help keep a lid on inflation, but it would do so by making it more expensive for U.S. households and companies to borrow and forcing a slowdown in the economy. Higher interest rates also would undercut prices for stocks and other investments.

The Fed’s members have been notably split about whether they should have already begun hiking interest rates. But Wednesday’s update on inflation pushed traders to pull back on bets the Fed will hike its main interest rate at its next meeting in September.

Traders are betting on just a 40% chance of it, down from the coin flip’s chance seen the day before, according to data from CME Group.

That helped pull the yield on the 10-year Treasury down to 4.68% from 4.70% late Tuesday. It, though, still remains well above its 3.97% level from before the war with Iran, which sent oil prices and worries about inflation spiking.

Oil prices swung between modest gains and losses Wednesday, and the price for a barrel of Brent crude slipped 0.2% to $88.74.

Higher yields have already pulled long-term mortgage rates to their highest levels in a year. That's hurting the housing industry, and losses for homebuilders on Wednesday helped keep the market in check. D.R. Horton fell 3.1%, and PulteGroup lost 2.3%. Builders FirstSource, which sells countertops and other building materials, dropped 3.9%.

In stock markets abroad, indexes were mixed across Europe and Asia.

South Korea’s Kospi jumped 3.7% for one of the world’s bigger gains. It’s been at the center of the jarring swings for AI stocks because it’s dominated by two tech giants, Samsung Electronics and SK Hynix.

AP Business Writers Michelle Chapman and Elaine Kurtenbach contributed to this report.

Trader Fred Demarco, right, and Specialist Michael Pistillo, left, work on the floor of the New York Stock Exchange, Friday, Aug. 7, 2026, in New York. (AP Photo/Yuki Iwamura)

A general view shows the New York Stock Exchange, Friday, Aug. 7, 2026, in New York. (AP Photo/Yuki Iwamura)

Currency traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Aug. 12, 2026. (AP Photo/Ahn Young-joon)

Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Aug. 12, 2026. (AP Photo/Ahn Young-joon)

Currency traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Aug. 12, 2026. (AP Photo/Ahn Young-joon)