Finance

The tech-heavy Nasdaq Composite led Wall Street's gains, climbing 1.2% on Friday and wrapping up the week higher by 0.5% for its third consecutive positive week. Mega-cap tech names were bolstered by artificial intelligence demand, with Nvidia briefly touching an all-time intraday high of $237.88. Major tech names generally advanced by over 1% each following market reports regarding chip inventory financing and transfer strategies.

Micron Technology recorded exceptional financial performance for its fiscal fourth quarter of 2026, delivering non-GAAP earnings of $33.42 per share compared to just $3.03 in the prior-year period. Total revenue skyrocketed 379.3% year-over-year to $54.23 billion, surpassing expectations. Management attributed the robust gains to tight DRAM and NAND inventory conditions alongside surging demand for data center and AI memory architectures.

Global energy markets faced conflicting headwinds as crude oil and diesel futures logged weekly declines following an agreement by European nations and the G-7 to discharge 100 million barrels from emergency stockpiles. Meanwhile, geopolitical friction remained elevated as Washington ordered thousands of additional U.S. troops to the Middle East. Precious metals also felt pressure over the week, with both gold and silver registering losses.