Finance

The tech-heavy Nasdaq Composite led the broader market up with a 1.2% gain following the cooling employment report, placing it near historical highs. Artificial intelligence optimization remained a heavy focus as market giant Nvidia touched new intraday heights, boosting its valuation over $5.7 trillion. Concurrently, data storage and semiconductor hardware demand kept tech leadership firmly intact.

Crude oil futures ended the week lower by 1.53%, settling around $91.11 a barrel for U.S. benchmarks. Prices fell after the Group of Seven, alongside European allies, authorized the release of 100 million barrels of oil and diesel fuel from emergency stockpiles. This coordinated move significantly alleviated concerns regarding potential U.S. diesel export prohibitions and rising energy costs.

Micron Technology reported an exceptional eleventh-fold increase in fiscal fourth-quarter non-GAAP earnings to $33.42 per share, handily beating analyst predictions. The company's total revenue surged nearly 380% year-over-year to $54.23 billion, heavily driven by robust pricing power and tight supply in the DRAM and NAND markets. This immense growth underscores the continuous, massive corporate demand for AI-related data storage infrastructure.