M Alfathan Rahman
M Alfathan Rahman
A chip-led rally runs into a caution signal, right on a quad-witching Friday that shapes tonight's US session.
Wall Street closed Thursday with semiconductors doing the heavy lifting. Advanced Micro Devices (AMD) rose 6.3% and Intel (INTC) jumped 7.6%, lifting sentiment across the chip space.
But there is a signal worth watching. The AAII survey showed a spike in investor pessimism, and several Wall Street voices are flagging the risk of a pullback.
What sets tonight apart: today is quad-witching, when quarterly index and stock options and futures all expire together. That usually adds volume and pinning into the close.
| Stock | Movement | What to Watch |
|---|---|---|
| AMD | +6.3% (Thu) | Chip-rally leader; AI-accelerator demand is the read-through |
| INTC | +7.6% (Thu) | Intel's jump, and whether it holds into expiry |
| META | Watch | New AI agent with inbox and wallet access; monetization vs privacy angle |
| UBER | Watch | $15B Delivery Hero buyout clears a key regulatory hurdle |
| LCID | Surged (Thu) | EV-momentum name; Lucid raced ahead Thursday |
The Movement column shows Thursday's session move. Pre-market percentages are filled closer to publish.
The AI theme is hot again. AWS's CTO likened today's AI to the early days of cloud, chatter around an Anthropic IPO is building, and Meta (META) unveiled a new AI agent that can reach into a user's inbox and wallet. On the other side, CoreWeave (CRWV) fell more than 5%, a reminder that this rally is not a one-way street.
Chips were the stars. AMD (AMD) and Intel (INTC) led, with the positive tone spilling over to names like Broadcom (AVGO) and Nvidia (NVDA). The question is whether the momentum holds on an expiry day.
Pharma was busy with trial news. Novo Nordisk (NVO) halted two more heart-drug trials, Novartis (NVS) logged its third setback in a week, while AstraZeneca (AZN) delivered a positive lung-drug readout. It underscores that trial outcomes can move pharma names both ways, and none of this is a recommendation to buy or sell.
US futures direction will get clearer near the open. Beyond the chip names, watch the follow-through in pharma and in volatile AI names like CoreWeave. Pre-market percentages are filled closer to publish.
Crude oil posted back-to-back losses as the Saudi supply outlook improved, a mild risk-on tailwind. The biggest factor tonight remains quad-witching, which can add volume and pinning into the close.
Tonight sets up a tug of war: strong AI and chip momentum against a caution signal from spiking pessimism and an expiry day. For anyone watching, it is about balancing opportunity with risk discipline.
What stocks are you watching tonight?
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