01 Stock Market
The S&P 500 rallied to a record high close on Friday, lifted by Broadcom and other chipmakers, while a weaker-than-expected jobs report did little to alter expectations of interest rate cuts from the Federal Reserve this year.
The Dow Jones Industrial Average was up 0.48% at 49,504.07; the S&P 500 rose 0.65% to 6,966.28; and the Nasdaq Composite gained 0.81% at 23,671.35. Broad-based strength persisted into the close, led by technology and select industrials, while investors digested corporate actions and upgraded outlooks across key names.
Unusual-move stocks saw notable gains across semiconductors, nuclear-linked plays, and select tech. Intel (INTC) up 10.80% at $45.55; Applied Digital (APLD) up 17.97% at $37.68; Oklo (OKLO) up 7.90% at $105.31; SanDisk (SNDK) up 12.81% at $377.41; Micron (MU) up 5.53% at $345.09; Opendoor (OPEN) up 13.37% at $7.29; Oracle (ORCL) up 4.95% at $198.52; Novo Nordisk (NVO) up 2.56% at $58.81; Tesla (TSLA) up 2.11% at $445.01; NuScale Power (SMR) up 4.27% at $20.51; Silver ETF (SLV) up 3.83% at $72.38; SOXL up 8.66% at $53.95; Nvidia (NVDA) down 0.10% at $184.86; AMD (AMD) down 0.74% at $203.17; MicroStrategy (MSTR) down 5.77% at $157.33; Alibaba (BABA) down 2.27% at $150.96.
Strong semiconductor prints and corporate demand signals supported chip and infrastructure names, while healthcare and logistics benefited from product and rating actions. Storage-related names outperformed alongside select AI supply-chain beneficiaries, and nuclear-aligned stocks stayed active on long-term power procurement news. We suggest diversifying exposure across quality semis, grid/nuclear infrastructure, and profitable software while maintaining discipline on higher-volatility momentum allocations.
02 Other Markets
The U.S. 10-year Treasury yield fell by 0.29%, latest at 4.17.
USD/CNH fell 0.09%, at 6.98; USD/HKD rose 0.04%, at 7.80.
U.S. Dollar Index rose 0.26%, at 99.13.
WTI crude futures rose 1.77%, at 58.78 USD/bbl; COMEX gold futures rose 1.29%, at 4,518.40 USD/oz.
03 Top News
Sandisk Surges After Report Indicating Company Could Double Price of 3D NAND for Enterprise SSDs
Sandisk (SNDK) could double the price of its high-capacity 3D NAND memory devices for enterprise-grade solid-state drives this quarter, anticipating strong demand for server-class storage in the coming quarters, Tom's Hardware reported, citing Nomura Securities.
It is not clear to what extent the price increase of high-capacity 3D NAND will affect quotes on mainstream flash memory used in client devices, the report added.
Meta Strikes Three Big Nuclear Power Deals to Support AI Ambitions; Vistra, Oklo Shares Surge
Meta (META) unveiled three agreements Friday to secure up to 6.6 GW of nuclear power by 2035 for its data centers that are among the most sweeping and ambitious so far between tech companies and nuclear power providers.
Meta (META) announced a deal with Vistra (VST) to purchase electricity from three existing nuclear plants in Ohio and Pennsylvania, and will back new small modular reactor projects that nuclear developers Oklo (OKLO) and TerraPower are planning to build over the next decade; the deals follow an agreement announced in June to obtain energy from a Constellation Energy nuclear site.
Vistra (VST) +10% and Oklo (OKLO) +8% on Friday.
Intel Shares Rally After Trump Hails the Chipmaker’s Progress
Intel Corp. shares gained the most since September after President Donald Trump touted the technological progress — and stock-market performance — of the long-struggling chipmaker.
Trump met with Intel Chief Executive Officer Lip-Bu Tan on Thursday at the White House, where the two men discussed the company’s new line of processors following the US government’s purchase of shares in the chipmaker.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: This content is for reference only and does not constitute investment advice.
