Wall Street Today: Close Enough to Kiss, S&P 500 Rests Fourteen Points From ATH

Just past 4 pm ET the $S&P 500 Index (.SPX.US)$ traded -0.01%, the $Dow Jones Industrial Average (.DJI.US)$ fell 0.37%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 0.41%.

$Crude Oil Futures(MAY5) (CLmain.US)$ held around $70/barrel. Gold pulled back from nearly hitting all-time highs Thursday night. $Bitcoin (BTC.CC)$ stayed near $97,000, a level it has floated around for about ten straight days.

$SoundHound AI (SOUN.US)$ fell a dramatic 28% after a Friday $NVIDIA (NVDA.US)$ 13F filing showed the AI chip giant cut its entire stake in the voice-based tech firm.

$Dell Technologies (DELL.US)$ shares rose more 3% after Bloomberg News reported that the company was close to a deal to sell servers with Nvidia chips to Elon Musk’s xAI, reported CNBC. With the stock's increase, it is trading more than 9% higher for the month.

$DraftKings (DKNG.US)$ shares jumped 14% after posting increased guidance for 2025 revenue but incurred quarterly results that missed expectations.

$Arm Holdings (ARM.US)$ shares also sank after the same filing showed Nvidia cut its stake by 44% to 1.1 million shares.

– Nvidia did buy a stake in $WeRide (WRD.US)$ , which flew more than 80%.

$Intel (INTC.US)$ fell back 2% after a four-day winning streak, up 26%. It all started when Vice President JD Vance said American chip manufacturing would be the best in the world, and investors hope that means Intel and its new CEO will try to take center stage like it's the '80s again.

$Coinbase (COIN.US)$ fell back 7% after its earnings could not keep up with trading app rival $Robinhood (HOOD.US)$.

$Alibaba (BABA.US)$ stock rose on Friday, nearing a multiyear high, driven by optimism around artificial intelligence and the emergence of the Chinese startup DeepSeek. Chairman Joe Tsai also announced that Alibaba is working with Apple to bring AI features to iPhones in China.

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