Sectors

Silicon carbide chipmaker adds legal, communications, and Asia-Pacific executives. Stock hits 52-week high as turnaround gains momentum.

India's largest drugmaker makes binding offer for U.S. women's health and biosimilars company. Deal would be India's largest-ever pharma acquisition.

FAA sees no major obstacles to MAX variant approvals by year-end. Boeing opens fourth production line at Everett, targeting 53 aircraft per month.

Carnival, Royal Caribbean, and Norwegian Cruise Line rallied sharply Friday after Iran declared the Strait of Hormuz open, sending oil prices tumbling.

Oracle shares have rallied 32% this week after expanding its AI data center power partnership with Bloom Energy to 2.8 gigawatts.

XLF falls 1% while the S&P 500 rallies 3%. Banks face a tough setup heading into Monday's earnings with rate uncertainty and geopolitical risk.

Delta surges 12%, Southwest 13%, American 11% after crude plunges 16% on US-Iran ceasefire. JETS ETF posts biggest one-day gain since pandemic recovery.

Seaport downgrades Lennar, PulteGroup, KB Home, and Taylor Morrison citing 15% downside. Employment concerns override rate optimism.

Bank of America raised both mining stocks to Buy, citing copper and lithium demand from AI infrastructure. SGML target rises to $17 for 44% upside.

New pharmaceutical tariffs carry a 100% headline rate, but extensive carveouts mean most drugmakers face 0%—if they play ball on pricing and domestic production.

Western Digital and SanDisk lead double-digit gains after Gartner upgrades the storage sector to Strong Buy, citing a 40% capacity shortage for AI data lakes.

Oil producers are the only winners in March's brutal selloff. Devon leads at +53% while Exxon and Chevron have gained 30% since January.

Datadog dropped 8%, Palo Alto fell 6%, and Zscaler shed 6% as software names bore the brunt of the Nasdaq 100's correction-deepening rout.

Delta raised Q1 revenue forecasts and climbed 6.6% as carriers prove they can pass through surging jet fuel costs to passengers.

Dell Technologies rose 5% as Super Micro's legal troubles pushed investors toward the more established AI server player with a $43B backlog.

Lockheed Martin, RTX, and Northrop Grumman surge on ammunition restocking needs. The conflict has driven the best defense sector run since early 2022.

The Philadelphia Semiconductor Index closes at an all-time high as Intel surges 10%, Lam Research jumps 8.7%, and AI infrastructure spending shows no signs of slowing.

Samsung Electronics surges 7.5% as the company targets 800 million Gemini-powered mobile devices in 2026, doubling last year's deployment.

Brent crude fell to $61 on Friday, down 18% for the year. The IEA projects a 3.84 million bpd surplus in 2026, with prices potentially dropping to $55.

Nvidia stopped testing Intel's most advanced chip-making process, casting doubt on Intel's foundry turnaround as it seeks major customers beyond Microsoft and Amazon.