Nasdaq rises 1% as AI trade tries to end year on high note

U.S. stocks rose on Friday, lifted by Oracle, as the artificial intelligence trade looks to regain its footing after experiencing volatility.

The Nasdaq Composite gained 1.2%. The S&P 500 climbed 0.9%, while the Dow Jones Industrial Average advanced 259 points, or 0.5%.

Oracle shares were up more than 7% after TikTok agreed to sell its U.S. operations to a new joint venture that includes the software giant and private equity investor Silver Lake.

The jump marks a turnaround for the stock, which worried investors this week after a report revealed that the cloud infrastructure company lost a key backer of one of its data center projects. That dragged down other stocks linked to AI, including Broadcom and Advanced Micro Devices

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Elsewhere, shares of AI chip darling Nvidia

 rose more than 3% after Reuters, citing sources familiar with the matter, reported that the Trump administration is reviewing the prospect of the company selling its advanced AI chips to China. Earlier this month, President Donald Trump said that he will allow Nvidia to ship its H200 AI chips to “approved customers” in the country.