Jack Denton

Oil prices fell back below $100 a barrel on Friday from their highest level since early May, but continued tensions between the US and Iran promise that the energy markets will remain elevated.

Micron stock and SK Hynix stock slipped lower early Friday but are still riding relatively high amid a recent rally in chip stocks that has come even as the wider S&P 500 and Big Tech names have faltered.

Nvidia stock was slipping lower on Friday after falling in the previous session—even as other chip names were on the rise.

Verizon stock was rising on Friday after the wireless carrier reported better-than-expected earnings and raised its guidance, signaling to investors that CEO Dan Schulman’s overhaul is starting to pay off. Verizon reported second-quarter adjusted earnings of $1.30 a share, as revenue slipped 0.7% from a year ago to $34.3 billion. The telecommunications company also raised its full-year guidance.

The AI chip maker hasn't been trading like a chip stock recently, aligning more with its Big Tech peers.

Intel stock was rallying into Friday after the chipmaker reported blowout earnings supported by strong demand for hardware used in artificial intelligence.

Shares were gaining on Friday after Intel’s earnings report signaled demand for AI chips remains strong.

Micron stock and SK Hynix stock slipped lower early Friday but remain well-positioned for gains amid Big Tech earnings that have so far benefitted chips stocks but weighed on the S&P 500.

The AI chip maker hasn't been trading like a chip stock recently, aligning more with its Big Tech peers.

Nvidia stock has been a rare July bright spot among chip stocks. But a Friday drop is putting that outperformance at risk.