● Palantir climbed $10.27 to $209.05 on Friday, a record close according to market data, with about 37.6 million shares traded.
● Shopify traded solidly higher on Friday afternoon as buyers returned to software stocks, with no company announcement.
● IBM crept higher on Friday, finishing at $227.13, with no IBM announcement on the day explaining the gain.
● Piper Sandler upgraded Jack Henry to Overweight from Neutral on Friday while keeping its price target at $175.
● Lumentum jumped on Friday after its chief executive said optical capacity is sold out through early 2029.
● Lumentum chief executive Michael Hurlston said optical capacity is sold out into 2029, with someDemandunfilled.
● Meta Platforms closed Friday at $718.67, down $2.22, with no clear catalyst while many peers moved sharply higher.
● No single company announcement drove the move as a broad rebound in software stocks followed Thursday's rough session.
● Microsoft rose $12.46 to close at $535.07 on Friday, recovering from a decline on Thursday, with no company announcement.
● Micron slipped on Friday, closing at $1,029.00, with no company-specific news, after a steep drop on Thursday.