Europe Asia News

All three major indexes closed Friday with gains. The S&P 500 rose 0.88% to 6,834.50, the Nasdaq Composite climbed 1.31% to 23,307.62, and the Dow Jones Industrial Average added 183.04 points, or 0.38%, to 48,134.89. With these results, all three indexes posted their second consecutive winning day.

Oracle shares jumped 6.6% after TikTok agreed to sell its U.S. operations to a new joint venture that includes software giant and private equity investor Silver Lake.

The surge marked a turnaround for the cloud-infrastructure company’s stock, which had been under pressure earlier in the week following a report that a key backer of one of its data-center projects had pulled out due to concerns over the company’s debt and AI spending levels. That development also weighed on other AI-related stocks, including Broadcom and Advanced Micro Devices.

Meanwhile, citing sources familiar with the matter, reports said Nvidia shares—favored among AI-chip makers—rose about 4% after news that the Trump administration is reviewing the possibility of allowing the company to sell its advanced AI chips to China. Earlier this month, U.S. President Donald Trump said he would allow Nvidia to ship its H200 AI chips to “approved customers” domestically.

In addition, Micron Technology shares extended gains from the previous session, rising about 7%. The stock jumped 10% on Thursday after the company issued a strong revenue outlook for the current quarter, bolstering investor confidence amid a backdrop recently dominated by concerns around AI trading.