S&P 500 Hits New High as Tech Giants Expand AI Partnerships
Stock markets saw a mixed performance on Friday. The S&P 500 reached a new high, while the Nasdaq 100 gave up early gains. Meanwhile, tech giants like Nvidia and Fujitsu expanded their partnerships to develop industry-specific AI agents.
The S&P 500 closed up 0.2 percent at 6,730 points, marking a new high for the index. However, the Nasdaq 100 reversed its early gains, ending the day down 0.3 percent at 24,828 points.
In the tech sector, Nvidia and Fujitsu are strengthening their collaboration. They aim to create tailored AI platforms for industries such as healthcare, manufacturing, and robotics. This comes after Hitachi and Fujitsu partnered with companies like Nvidia, Microsoft, and Siemens for similar purposes.
Nvidia's stock hit over 190 USD for the first time since its split last summer, although it closed down 0.6 percent. It has risen over 40 percent year-to-date. Lam Research, another tech giant, continued its record run, gaining 0.1 percent.
On the downside, Applied Materials fell 2.0 percent after announcing a decrease in net sales for the 2025/26 fiscal year. Nike also gave back some of its recent gains, closing down 2.4 percent.
In semiconductor news, Datadog, NXP Semiconductors, On Semiconductor, Microchip Technology, and Micron all gained between 0.9 to 2.2 percent. The Dow gained around 1.0 percent to 46,960 points about two hours before market close.
Friday's trading session saw the S&P 500 reach a new high, while the Nasdaq 100 gave up its early gains. Tech companies like Nvidia and Fujitsu are expanding their partnerships to develop industry-specific AI agents, indicating a focus on technological innovation. However, some tech stocks like Applied Materials and Nike ended the day in the red.
