01 Stock Market
Stock futures were little changed on Friday as traders kept an eye on the fragile two-week ceasefire between the U.S. and Iran.
S&P 500 futures traded around the flatline, while Nasdaq 100 futures were up 0.1%. Futures tied to the Dow Jones Industrial Average were down 41 points, or 0.1%.
Notable Stock Movers: AI-linked semiconductor names stayed in focus. TSM up 2.3% at $373.80 after reporting a 35% jump in quarterly revenue that topped forecasts. Cloud-computing supplier CRWV, Li Auto up 4% extended gains on news Anthropic will rent its high-performance capacity. Optical-networking specialist LITE up 5%, while MRVL up 4%. Mega-cap tech traded mixed: NVDIA down 0.2% at $183.61 and AAPL fell 0.5% at $259.27, whereas MSFT up 0.04% at $373.21 and AMZN up 0.2% at $234.20 edged higher amid continued enthusiasm for generative-AI exposure.
02 Other Markets
• 10-year U.S. Treasury yield unchanged at 4.29%.
• U.S. Dollar Index fell 0.07% to 98.73.
• WTI crude oil futures rose 0.21% to 98.08 USD/barrel; COMEX gold futures fell 0.62% to 4,788.20 USD/ounce.
03 Key News
Anthropic Agrees to Rent CoreWeave AI Capacity to Power Claude
Anthropic PBC agreed to rent data center capacity from CoreWeave Inc. as part of efforts to handle increasing demand for its artificial intelligence services.
The multiyear deal will help Anthropic build and deploy its Claude AI models, CoreWeave said Friday in a statement. The capacity will include a variety of Nvidia Corp. chip architectures at data centers in the US, CoreWeave Chief Executive Officer Michael Intrator said in an interview. The companies declined to disclose financial terms of the agreement.
Anthropic, along with OpenAI, has been at the forefront of the explosion in AI services, and at times has struggled to keep its products online in the face of what it called “unprecedented demand.” The company is working to build more computing capacity, including committing $50 billion toward new AI data centers in the US. San Francisco-based Anthropic is among the most-valuable closely held companies, at $380 billion, including $30 billion it raised recently.
Nvidia-Backed Lumentum Sees AI Boom Keeping Orders Full Through 2028
Lumentum Holdings (LITE) said demand from U.S. hyperscalers for its optical components is accelerating and on track to fill its order book through 2028.
The company is also targeting more brownfield sites to ramp up capacity faster, CEO Michael Hurlston said in a Bloomberg TV interview.
However, one challenge the company faces is that Chinese suppliers are able to sell in the U.S., while doors of Chinese hyperscalers are not nearly as open to American suppliers, Hurlston added.
Apple Leads Smartphone Market Even as Overall Shipments Decline, Counterpoint Says
iPhone-maker Apple led global smartphone shipments in the first quarter of 2026, growing 5% year-on-year, even as overall shipments fell due to a shortage of memory components, Counterpoint Research said on Friday.
Global smartphone shipments fell 6% from a year earlier as Middle East tensions also weighed on consumer sentiment, the research firm said.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: For informational purposes only; not investment advice.
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