Intel surged 23% after a $5B Nvidia investment and AI partnership, signaling a dramatic turnaround and renewed investor optimism. FedEx beat earnings expectations through cost-cutting, but faces macroeconomic headwinds from tariffs and potential declines in shipping volume.

Nvidia and Intel led a rally for technology stocks after announcing a deal that includes a $5 billion investment.

On Thursday, the S&P 500, Nasdaq 100, Dow Jones and small-cap Russell 2000 all closed at all-time highs as investors celebrated the Fed’s move.

NEW YORK (AP) — Wall Street tacked on some more gains Friday as it glided to the finish of its latest record-setting week. The S&P 500 rose 0.5% to close out its sixth winning week in the last seven. The Dow Jones Industrial Average added 172 points, or 0.4%, and the Nasdaq composite climbed 0.7%.

Semiconductor giant Nvidia (NVDA) will be investing $100 billion in OpenAI (OPAI.PVT). This news comes just after Nvidia announced a $5 billion stake in Intel (INTC) alongside a new data center partnership.

The Fed’s quarter-point rate cut sent markets to record highs, boosted by tech stocks, retail sales gains and signs of consumer strength.

Wall Street is rolling toward more records, led by a rally for tech stocks after Nvidia and Intel announced a $5 billion partnership

Nvidia's $100B OpenAI bet, Apple's iPhone surge, and Intel's revival highlight tech's powerful rebound in 2025.

Nvidia is preparing one of the largest investments in the history of artificial intelligence, pledging up to $100 billion in funding for OpenAI, the creator of ChatGPT. The deal comes hot on the heels of Nvidia pledging a $5 billion investment into Intel,