00:02 John Highland
It’s time for Yahoo Finance’s Market Minute and I’m John Highland.
00:04 John Highland
We are taking a look at US stocks, looking to close out a fourth week of gains. The S&P 500 is rallying on the day.
00:09 John Highland
You’re seeing a little bit of weakness in the Dow, but the Nasdaq and the S&P are moving higher. The Nasdaq 100 on its longest winning streak uh in many years. The S&P 500 on its longest winning streak since October of 2024.
00:18 John Highland
Uh this comes of course as we watch for big tech earnings. One of those names is Intel. Uh the struggling chip giant is actually surging today.
00:23 John Highland
Shares are up 20%. It is its biggest move uh to its highest level ever.
00:27 John Highland
This is prior to even the .com bubble. So we are seeing a very strong sales forecast which the company citing AI behind that.
00:32 John Highland
And then finally, I want to take a look at Hut 8. It’s a crypto miner that has been transitioning into AI computing, which the big tech industry has been calling for saying they don’t have enough AI computing.
00:40 John Highland
They are reportedly, according to Bloomberg, tapping the high-grade bond market to raise money for a Google back data center to continue with that AI build out.
00:47 John Highland
And that is your Yahoo Finance market minute.
