Wall Street stocks ended mixed on Friday, with Nvidia climbing and Microsoft dipping, while Treasury yields declined a day after U.S. President Donald Trump unveiled reciprocal tariff plans but stopped short of imposing new ones.

Market Snapshot

The S&P 500 edged down 0.01% to end the session at 6,114.63 points. The Nasdaq gained 0.41% to 20,026.77 points, while the Dow Jones Industrial Average declined 0.37% to 44,546.08 points.

Market Movers

Nvidia - Nvidia stock gained 2.6% on Friday. The chip maker could face some obstacles in shipping new artificial-intelligence hardware in the first half of the year but there’s reason to be patient.

Nvidia-Linked Stocks - In Nvidia’s form 13F-HR with the U.S. Securities and Exchange Commission, Nvidia revealed that it had sold its stakes in Nano-X Imaging (NNOX), Serve Robotics (SERV) and SoundHound AI (SOUN). It also trimmed its position in Arm Holdings (ARM). Nvidia said it added new stakes in Nebius Group (NBIS) and WeRide (WRD). Meanwhile, it maintained its investments in Applied Digital (APLD) and Recursion Pharmaceuticals (RXRX).

WeRide shares soared 83.5%; Recursion Pharmaceuticals surged 23.9%; Applied Digital jumped 15.2%; Nebius Group gained 6.7%; Arm Holdings fell 3.2%; Nano-X Imaging dropped 11%; SoundHound AI sank 28.1%; Serve Robotics plunged 39.6%.

Chinese ADRs - Chinese ADRs jumped as investors reacted to news of an upcoming symposium chaired by Chinese President Xi Jinping, which is expected to include Alibaba co-founder Jack Ma among other prominent Chinese business leaders. JD.com and XPeng rose 4.5%; Alibaba rose 4.3%; NIO Inc. rose 4.2%; Li Auto rose 2.5%; PDD Holdings rose 2.2%; Bilibili rose 11%.

Intel - Intel fell 2.2%, thwarting the chip maker’s winning streak. The stock closed Thursday up 7.3%,rising for four straight daysand gaining 26% over the period. It was the best four-day stretch for the stock since the four days ended Nov. 2, 1987, when it rose 38%, according to Dow Jones Market Data. The rally this week received a boost Tuesday when Vice President JD Vancesaid at the AI Action Summit in Paris that the Trump administration “will ensure that the most powerful AI systems are built in the U.S. with American designed and manufactured chips.” 

Super Micro Computer - Super Micro Computer jumped 13.3%. The company issued a fiscal second-quarter business update Tuesday. While its near-term revenue outlook was a bit soft, longer-term sales guidance was well above analysts’ expectations.

Roku - Roku jumped 14.1%. The streaming company reported a narrower-than-expected fourth-quarter loss and revenue of $1.2 billion that topped analysts’ expectations. Streaming households at the end of the quarter were 89.8 million, better than consensus of 89 million. Roku said it sees first-quarter revenue of $1.01 billion, up 14% from a year earlier, and full-year revenue of $4.61 billion. Both forecasts were in line with Wall Street expectations. Roku also said it expects to be operating income positive in 2026.

Coinbase - Coinbase Global reported fourth-quarter earnings of $4.68 a share, easily beating Wall Street forecasts of $2.11. Revenue in the quarter was $2.27 billion, better than estimates of $1.84 billion. Coinbase said trading volume in the period was $439 billion, up from $154 billion in the fourth quarter of 2023. Shares of Coinbase have had a strong run since Donald Trump’s presidential election victory, with the president promising to make the U.S. the “crypto capital of the world” by ushering in a lighter regulatory regime. The stock dropped 8%.

Twilio - Twilio declined 15% after the communication-tools provider reported a narrower fourth-quarter loss butissued an outlook that missed expectations. Twilio said it expects first-quarter adjusted earnings of 88 cents to 93 cents a share on revenue of $1.13 billion to $1.14 billion. Analysts had been expecting adjusted earnings of 99 cents a share on revenue of $1.14 billion.

GameStop - GameStop rose 2.5% after CNBC reported the video game retailer was considering investingin Bitcoin and other cryptocurrencies. The report cited sources familiar with the matter.

Airbnb - Airbnb was profitable in the fourth quarter and shares rallied 14.5% even, as the short-term stay company forecast revenue in 2025 that was slightly below Wall Street expectations. Airbnb earned 73 cents a share in the fourth quarter, compared with a year-earlier loss of 55 cents, as revenue rose 12% to $2.48 billion and topped estimates. Gross booking value in the period rose 13% to $17.6 billion. Airbnb said it anticipates first-quarter revenue of $2.23 billion to $2.27 billion, below analysts’ expectations of $2.29 billion.

DraftKings - DraftKings rose 15.2% after the online sports betting company reported a wider-than-expected fourth-quarter loss but said it wasraising its revenue guidance for 2025to between $6.3 billion to $6.6 billion, compared with its previous outlook of $6.2 billion to $6.6 billion.

Moderna - Moderna gained p 3.4%. The vaccine maker reported fourth-quarter revenue of $1 billion, compared with the consensus estimate of $943 million. The company lost $2.91 a share in the quarter, while analysts had called for a loss of $2.68. Moderna pre-reported its annual earnings and previewed its 2025 guidance in mid-January; the stock fell 17% that day.

Applied Materials - Applied Materials, the semiconductor equipment manufacturer, reported fiscal first-quarter adjusted earnings and revenue that beat analysts’ expectations but issued mixed guidance, sending the stock down 8.2%. Applied Materials said it expects second-quarter adjusted earnings of $2.12 to $2.48 a share on revenue of $6.7 billion to $7.5 billion, the midpoint of which missed analysts’ expectations of $7.21 billion.

Palo Alto Networks - Fiscal second-quarter earnings at cybersecurity company Palo Alto Networks were better than Wall Street estimates, but the stock dropped 0.9% after Palo Alto estimated third-quarter revenue of between $2.26 billion to $2.29 billion versus forecasts of $2.27 billion, and maintained its full-year outlook for remaining performance obligations.

Informatica - Informatica slumped 21.5% after the provider of cloud-based data management software said it expectsfirst-quarter revenueof $380 million to $400 million, below analysts’ expectations of $412 million. For the full year, Informatica expects revenue of $1.67 billion to $1.72 billion, below estimates of $1.78 billion.

DaVita - DaVita fell 11.1% after the dialysis provider said it expects adjusted earnings of $10.20 to $11.30 a share in 2025, below analysts’ expectations of $11.38. Separately, Berkshire Hathaway sold $31.7 million of DaVita  stock earlier this week. Berkshire now holds 35.9 million shares of DaVita worth about $6.4 billion,a 45% stake.

Jet.AI - Shares of Jet.AI soared 133.7% on Friday after the company said it would spin off and then sell its aviation business to FlyExclusive.

Market News

US Retail Sales Post Biggest Drop in Nearly Two Years Amid Winter Freeze

U.S. retail sales dropped by the most in nearly two years in January, likely weighed down by frigid temperatures, wildfires and motor vehicle shortages, suggesting a sharp slowdown in economic growth early in the first quarter.

But the larger-than-expected and across the board decline in retail sales reported by the Commerce Department on Friday probably does not reflect a material shift in consumer spending as it also followed four straight months of hefty increases.

Retail sales dropped 0.9% last month, the biggest decrease since March 2023, after an upwardly revised 0.7% increase in December, the Commerce Department's Census Bureau said. Economists polled by Reuters had forecast retail sales, which are mostly goods and are not adjusted for inflation, dipping 0.1%. Retail sales increased 4.2% year-on-year in January.

Buffett Sold More BofA Stock While Keeping Apple Stake Intact

Warren Buffett’s Berkshire Hathaway Inc. continued whittling a longtime bet on Bank of America Corp. in last year’s final months, while keeping a stake in Apple Inc. intact following an earlier reduction.

The firm also bought shares in SiriusXM and Occidental Petroleum during the quarter, while slashing a stake in Citigroup Inc. 73%, selling 40.6 million shares. And Buffett exited Ulta Beauty, a stock it started acquiring in the second quarter before paring back the position in the following period.