Oracle and Nvidia Fuel Major Wall Street Rally
US stocks rose on Friday led by Oracle's TikTok deal and Nvidia's potential AI chip sales to China. Nasdaq and S&P 500 post gains.
UNITED STATES- Wall Street closed higher on Friday as Oracle’s stock soared following a breakthrough deal to acquire TikTok’s U.S. operations. This acquisition, alongside renewed stability in AI-driven trades, propelled the Nasdaq Composite up by over 1.3\% as investors regained their confidence.
Nvidia shares gained 4% amid reports that the Trump administration is reviewing sales of advanced H200 chips to China. Despite a slump in Nike shares due to tariff concerns, the broader market remained resilient, marking a second consecutive winning day.
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
