Oracle, AMD, Tesla, Palantir Surge, Nasdaq Hits Record
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Oracle (ORCL) surged nearly 30% this week—its best weekly gain since the 1990s—after rebounding from a 60% drop since September, aided by new AI deals and cost cuts.
- Tesla (TSLA) rose about 15% on optimism about its AI chip progress, which helped offset concerns about its auto business.
- Advanced Micro Devices (AMD) added roughly 14% and hit a fresh record high, reflecting renewed confidence in AI chip demand.
- Palantir (PLTR) climbed about 14% after a vote of confidence from President Donald Trump, though it remains down year‑to‑date.
- Nasdaq rose 1.5% to a record high for a third straight day, spurred by risk‑on sentiment and hopes for an end to the Iran war.
- Wedbush analysts project a further 15% rally in tech stocks by year‑end as AI adoption accelerates.
Why it matters: Wedbush expects tech stocks to rally another 15% by year‑end, boosting portfolios of investors holding Oracle, AMD, Tesla, and Palantir.
