U.S. stocks finished Friday nearly unchanged. The Dow slipped 0.17%, the S&P 500 eased 0.06%, and the Nasdaq Composite dipped 0.06% to 23,515.39. All three major indexes posted losses for the week, though chipmakers bucked the trend—the Philadelphia SE Semiconductor Index climbed 1.2%. Markets will be closed Monday for the Martin Luther King Jr. holiday. “Most investors will take that as a win,” said Anthony Saglimbene, chief market strategist at Ameriprise Financial.
The White House’s push for an “emergency” auction on the largest U.S. power grid is shining a harsher spotlight on data center stocks: power is becoming both political and costly.
U.S. chip and software stocks tied to AI closed Friday on a mixed note ahead of the long holiday weekend. Advanced Micro Devices and Broadcom posted gains, with AMD up 1.7% at $231.83 and Broadcom climbing 2.6% to $351.71. Meanwhile, Nvidia slipped 0.5% to $186.23, and Intel dropped 2.8% to $46.96. On the software side, Palantir slid 3.4%, Alphabet dipped 0.9%, and Microsoft edged up 0.7%.
U.S. semiconductor shares head into the new week following a 1.15% gain in the Philadelphia Semiconductor Index on Friday, closing at 7,927.41. That late-week uptick managed to stick through the long weekend.
Global stock markets are bracing for volatility this week after President Donald Trump threatened new tariffs on eight European countries if the U.S. isn’t allowed to buy Greenland. He announced a 10% import tariff starting Feb. 1, set to jump to 25% on June 1 unless a deal is struck. The tariffs would hit Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland, and Britain.
Intel Corp shares closed Friday down 2.8% at $46.96, with trading volume exceeding 127 million shares. Investors pulled back ahead of the long weekend and the company’s upcoming quarterly report.
Tower Semiconductor Ltd shares climbed 4.7% on Friday, closing at $129.83 and sending the Israel-based contract chipmaker into the long weekend on a strong note. After-hours trading saw the stock tick up further to $131.13.
As the week begins, investors are zeroing in on a U.S. Supreme Court case that might reshape the Federal Reserve’s independence. Not far behind on the radar: Davos, China’s growth figures, and a Bank of Japan decision.
Micron Technology shares jumped on Friday after a Form 4 filing — the SEC disclosure insiders use for stock trades — showed director Teyin M. Liu bought 23,200 shares in open-market transactions. The purchases were priced around $337 a share and totaled about $7.82 million, the filing showed.
The Dow Jones Industrial Average dropped 83.11 points, or 0.2%, ending Friday at 49,359.33. The S&P 500 and Nasdaq Composite each slipped 0.1%. Over the week, the Dow declined 0.3%.
Broadcom Inc shares closed Friday roughly 2.6% higher at $351.71, having fluctuated between $344.27 and $354.30 during the session. With U.S. markets now closed for the weekend, chip stocks have regained their momentum.
Intel shares dropped $1.36, or 2.8%, closing Friday at $46.96 after earlier hitting a high of $50.15. The stock saw little movement in after-hours trading.
Super Micro Computer shares jumped roughly 11% to $32.64 in after-hours trading on Friday, after fluctuating between $29.62 and $32.97 during the session. Around 78.8 million shares traded hands.
Intel Corp shares ended Friday at $47.43, after fluctuating between $50.21 and $46.71 throughout the day, and later dipped to $46.96 in after-hours trading.
Super Micro Computer shares jumped Friday, lifted by a rally in chip-related stocks that boosted the AI server maker. By 11:59 a.m. ET, SMCI was trading 7.4% higher at $31.60, swinging between $29.62 and $32.20. More than 35 million shares changed hands.