Overview

• S&P 500, Nasdaq Composite and Dow Jones Industrial Average finished the week higher and at new 52-week highs after the Federal Reserve’s 25-basis-point cut.
• Nvidia disclosed a $5 billion investment in Intel and a plan to co-develop multiple generations of AI chips, sending Intel to a 52-week high and making Nvidia a roughly 4% shareholder.
• Oklo jumped after unveiling a Tennessee nuclear fuel recycling facility plan that envisions $1.68 billion in investment and more than 800 jobs, boosted by a new U.S.–U.K. advanced nuclear partnership.
• Intel’s reshaping continued with reported cost-cut targets, a move to sell a majority stake in Altera while retaining 49%, and workforce reductions exceeding 20%.
• Company-specific catalysts also lifted select names, including Tesla on Elon Musk’s $1 billion robotaxi funding pledge, Intellia on completing Phase 3 trial enrollment, and CrowdStrike on an acquisition plus new AI security launches and partnerships.