Shares of Lumentum Holdings Inc climbed 3.7% to $523.28 in late-morning trading Friday, after bouncing between $499.49 and $556.71 earlier in the session. The stock closed Thursday at $504.42.
Netflix shares nudged up on Friday, as investors absorbed new political developments tied to the company’s Warner Bros. deal efforts. The stock rose roughly 0.6% to $81.32, following Thursday’s close at $80.87.
After a tough week for tech stocks, Wall Street’s key indexes bounced back on Friday, though Amazon took a hit as investors absorbed another surge in Big Tech’s AI spending. By 9:33 a.m. ET, the Dow had climbed 1.08%, the S&P 500 rose 0.88%, and the Nasdaq added 0.77%. Kristina Hooper, chief market strategist at Man Group, noted that investors are now entering “a period of greater discernment” when it comes to AI bets.
Shares of Coinbase Global jumped 8.9% to $159.07 Friday morning, tracking a rebound in bitcoin, which climbed to $69,282 after tumbling earlier in the week. Bitcoin’s session low hit $60,297, highlighting the rapid swings in risk sentiment.
Hershey shares climbed roughly 3% on Friday, extending the chocolate maker’s two-day winning streak. The stock hit a session peak of $234.01 before settling around $231.10 in morning trading, up 3%.
Shares of ITT Inc climbed 0.9% to $203.82 on Friday, following a strong rally the day before fueled by better-than-expected results and a positive Q1 forecast.
Intel shares climbed about 4% to $50.19 on Friday, tracking gains in Advanced Micro Devices and Nvidia as investors digested fresh signs that data-center demand is straining the supply chain.
Eli Lilly and Company shares climbed about 3% on Friday, recovering part of Thursday’s steep 8% drop. The rebound came after the U.S. Food and Drug Administration indicated it would crack down on illegal copycat weight-loss drugs. The stock traded up 3% at $1,051.74. FDA Commissioner Marty Makary emphasized the agency cannot vouch for the “quality, safety or effectiveness” of these non-approved medicines.
Meta Platforms shares fell 2.3% to $654.86 Friday morning, underperforming the more stable broader market. Investors remained skeptical about Big Tech’s returns amid another wave of AI spending.
Oracle Corp shares jumped roughly 3.4% to $141.14 in morning trading on Friday, recovering some losses after a steep drop earlier this week among software and cloud stocks. The software-focused IGV ETF climbed about 2.1%, and the Nasdaq-tracking QQQ was up around 1.3%.
Shares of InterDigital, Inc climbed roughly 8.5% Friday morning, extending gains after a rollercoaster week following earnings. Traders weighed the latest outlook from the patent-licensing firm. The stock last traded at $374.27, hitting a high of $376.27 earlier in the session.
Shares of Robinhood Markets surged roughly 13% on Friday, recovering some ground after a steep drop pushed the online broker's stock far below last year’s highs. This boost comes just days ahead of its quarterly earnings report. Nvidia shares also climbed amid a broader rally in risk-taking.
Palantir Technologies Inc shares climbed 3.7% to $134.86 in Friday’s morning session, after fluctuating between $128.51 and $137.86 earlier. Around 22.8 million shares changed hands.
Liberty Global Ltd’s Class B shares surged past double their previous level on Friday, hitting a peak of $51.24 before settling around $22.40, still up roughly 86%. Meanwhile, the company’s Class A shares, which trade more actively, edged up 1.4% to $11.42, and Class C shares increased 1.5%, also closing at $11.42.
Apple shares climbed on Friday, mirroring a calmer mood in megacap tech stocks as investors digested renewed concerns around component costs and their potential impact on iPhone prices this year. Mid-morning, Apple was up 1.1% at $278.94, putting its market value near $4.05 trillion.
Construction Partners, Inc. shares edged up 1.2% to $129.13 early Friday, a gain of $1.48 from Thursday’s close. DA Davidson bumped its price target for the road builder to $130 from $120, though left its rating at neutral. Analyst Brent Thielman flagged stronger guidance as a sign of “confidence,” and called out Washington activity, organic growth, and M&A as the next areas to track.
Shares of Advanced Micro Devices jumped roughly 7% on Friday, clawing back part of the week’s steep declines. The chip sector found footing, boosted by a Reuters report highlighting tight supply of server processors in China.