The Nasdaq marked a record close, led by AI chip giant AMD. Dell led big earnings movers late. Here's what to do now.
U.S. stock index futures were subdued on Friday after a rally in the previous session, driven by enthusiasm about the potential for artificial intelligence and an inflation reading that strengthened bets of interest rate cuts by June this year. The tech-heavy Nasdaq closed at a record high on Thursday, spurred by gains in AI-linked stocks such as heavyweight chip designer Nvidia and its rival Advanced Micro Devices, which hit an all-time peak.
These companies are investing heavily in AI and could see their stocks skyrocket alongside the budding market.