Major stock indexes were mixed in trading today, with the Dow Jones Industrial Average and S&P Index falling, but the Nasdaq Index rising. While indices were higher during the week, with the broader S&P and NASDAQ closing above their 100-day moving averages. The Dow Jones Industrial Average traded above the 100-day moving average yesterday and closed above that level, but fell back below the level in today’s trading.
A look at the closing levels shows:
- The Dow Jones Industrial Average fell -269.23 points, or -0.56%, to 47,916.57.
- The Standard & Poor’s Index fell 7.77 points, or -0.11%, to 6,816.89.
- The Nasdaq rose +80.48 points, or 0.35%, to 22,902.89.
The Russell 2000 small-cap index fell -5.72 points, or -0.22%, to 2,630.58.
During the trading week, each of the major indices posted strong gains with the Nasdaq leading the way:
- The Dow Jones Industrial Average rose 3.04%.
- The Standard & Poor’s index rose 3.56%.
- The Nasdaq index rose 4.68%.
- The Russell 2000 rose 3.97%.
During the week, there were a number of large-cap stocks that rose more than 10%.
- Nebius NV – 33.15%
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Intel – 23.82%
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SanDisk – 21.41%
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LAM Research – 20.70%
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Marvell – 19.87%
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Broadcom – 18.13%
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Western Digital – 16.43%
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Arista Networks – 16.36%
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Corning – 15.81%
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Micron – 14.84%
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Amazon.com – 13.64%
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Vertif Holding Company – 12.98%
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AMD – 12.66%
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ASML ADR – 12.19%
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Eaton – 11.61%
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Sina Company – 10.74%
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Shake Shack Company – 10.39%
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GE Vernova LLC – 10.30%
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SharkNinja – 10.30%
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Caterpillar – 10.24%
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Texas Instruments – 10.19%
🔵 Intel (+23.82%)
Intel’s recent rally has been driven by three key catalysts: Apollo’s $14.2 billion stake buyback in its manufacturing facility in Ireland, the successful advancement of its 18A (1.8nm class) process node into high-volume manufacturing, and strong demand signals from CEO Lip-Bu Tan. The stock is now up roughly 240% from its 52-week low, which was reached in April 2025 when fears of tariffs and a leadership vacuum crushed the stock. Tiki®
🔵Sandisk (+21.41%)
SanDisk shares rose nearly 9% on Thursday after an analyst raised his price target on the stock, with shares rising again on Friday. Charles Schwab The discrete storage company has recently benefited from broader momentum in the semiconductor sector.
🔵 LAM Research (+20.70%)
Bank of America selected Lam Research as one of its top semiconductor picks for 2026. The company’s revenue in the most recently reported quarter increased 28% year over year to $5.32 billion, while profits jumped 46%. Yahoo Finance As a major maker of chipmaking equipment, it directly benefits from a memory capex cycle driven by AI demand.
🔵 Marvell (+19.87%)
Marvell Technology was among the leaders in the semiconductor space this week, rising significantly in the individual sessions as it was identified as the breakout signal leader. www.marketshost.com Marvell is a major player in artificial intelligence networks and custom silicon for hyperscalers.
🔵 Broadcom (+18.13%)
Broadcom stock rose nearly 5% after Wednesday’s ceasefire alone. CNBC More broadly, Broadcom’s networking and ASIC business make it a key investment in AI infrastructure, with analysts predicting its semiconductor revenue could triple to more than $100 billion by 2027. WTOPTV
🔵 Western Digital (+16.43%) and Micron (+14.84%)
Both are memory/storage giants riding on the AI-driven data center buildout. Micron Technology gained more than 7% on Wednesday alone CNBC The ceasefire in Iran reduced fears of supply chain disruption. Micron has a $20 billion capital budget this fiscal year to meet the growing demand for AI memory.
🔵 Arista Networks (+16.36%)
Arista is a leading provider of cloud networking equipment for large-scale data centers. It has been a consistent beneficiary of building AI infrastructure as companies like Meta and Microsoft expand their data center footprints.
🔵 Corning (+15.81%)
Corning was among the stocks that hit record intraday highs this week Yahoo Finance As the scope expands beyond pure semiconductors to industrial and material names. Corning provides optical fiber and display glass to growing AI/data center applications.
🔵 Amazon (+13.64%)
Amazon’s AWS cloud segment is a major buyer of AI chips and data center infrastructure. The broader tech/AI rally, combined with an easing of Iran’s ceasefire on energy costs, lifted the stock.
🔵 AMD (+12.66%)
AMD announced a multi-year deal to supply Meta with GPUs for AI data centers, demonstrating its conviction in AMD chips. The upcoming Instinct MI450X next-generation AI accelerator is scheduled to launch in late 2026. WTOPTV
🔵 ASML ADR (+12.19%)
ASML controls most of the global photolithography market and has an absolute monopoly on the UV photolithography needed to manufacture the most advanced semiconductor chips. NerdWallet As the earnings announcement date approaches next week, investors are awaiting the results. ASML shares rose 1.5% or more on Friday alone after TSMC’s strong revenue report. Charles Schwab
🔵 Eaton (+11.61%), GE Vernova (+10.30%)
Both are energy infrastructure that leverage the massive electricity demand generated by AI data centers. The record intraday list expanded this week to industrial names, including electrical components and equipment companies. Yahoo Finance
🔵 Vertif Holding (+12.98%)
Vertiv manufactures power and cooling management systems for data centers – a direct beneficiary of AI infrastructure spending as data centers require more advanced thermal and power solutions.
🔵 Sina Corp (+10.74%)
Ciena was identified as one of the semiconductor/networking names that emerged with its own merits this week. www.marketshost.com It provides optical networking equipment that is heavily used in the interconnections of AI data centers.
🔵 Caterpillar (+10.24%) and Texas Instruments (+10.19%)
Both are synthetic/analog plays of chips. Caterpillar leverages infrastructure and construction activity, while TI’s analog chips are embedded in everything from industrial equipment to electric vehicles. The week’s rise was notably extended to industrial and infrastructure names. Yahoo Finance
Bottom line: This was primarily a Relief rally Driven by a US-Iran ceasefire that removed immediate concerns from the energy and supply chain, amplified by strong TSMC data validating demand for AI chips, and punctuated by Intel’s defining turnaround story. The breadth of movement – from chip equipment makers to industrials – indicates a broader repositioning of the market after weeks of geopolitical pressures.
