Technology stocks are experiencing mixed performance, providing minor gains to the Nasdaq Composite. The S&P 500 is on track for a potential five-day winning streak. Recent positive economic signals, including tariff relief and cooling inflation, have bolstered market sentiments. President Trump's upcoming tariff rate announcement may further influence the markets. Notably, Advanced Micro Devices is seeing an uptick after a price target increase from Barclays due to a new deal. Similarly, Super Micro Computer announced a partnership aimed at developing AI campuses, contributing to its stock rise.
The markets are mixed out of the gate as stocks attempt to close this data-filled week on a positive note.
President Trump indicated that he plans to reveal the latest tariff rates in the weeks to come.
Analyst firm Barclays has lifted its price target on AMD to $130 per share from $110 while maintaining an 'overweight' rating.
Super Micro Computer is gaining 5.6% on the day after announcing a new partnership with DataVolt to build hyperscale AI campuses.
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