Oracle climbs 6% and Intel breaks $99 as Nasdaq closes at record, SOXX +0.9%

Oracle Corp. (NYSE: ORCL) climbed 6.47% to $171.83 on Friday, leading a broad software bid that pushed Datadog Inc. (NASDAQ: DDOG) up 6.31% and Cloudflare Inc. (NYSE: NET) up 6.11% ahead of next week's Q1 earnings, while Intel Corp. (NASDAQ: INTC) closed above $99 to extend a year-to-date rally now north of 150%. The S&P 500 added 0.29% to 7,230.12, the Nasdaq Composite rose 0.89% to a fresh all-time high of 25,114.44, and the iShares Semiconductor ETF (NASDAQ: SOXX) advanced 0.93% to $465.75.

Today's biggest movers

Oracle gains 6.47% on Wedbush bull note as cloud backlog story holds

Oracle Corp. (NYSE: ORCL) closed at $171.83, up 6.47% on the day and 17.4% over the past month. Wedbush reiterated its Outperform rating with a $225 price target, citing the company's expanding cloud-infrastructure backlog and AI-driven workload migrations. Across 36 analysts tracked by sell-side aggregators, ORCL carries a Buy consensus and an average 12-month price target of $260.11, implying a 51.4% advance from current levels. The stock is still 12.2% below its YTD start, leaving room for the rally to extend before next earnings on June 16.

Intel breaks $99 on foundry traction, up 153% YTD

Intel Corp. (NASDAQ: INTC) added 5.44% to $99.62, putting the stock 97.7% higher over the past month and 153% higher year-to-date. The advance follows last week's Q1 print, the sixth consecutive beat under CEO Lip-Bu Tan, and confirmation that Tesla Inc. (NASDAQ: TSLA) signed on as Intel's first major 14A external foundry customer for the Terafab AI-chip complex in Austin. Foundry revenue rose 16% year-on-year to $5.4 billion. Sentiment remains split. Of 31 analysts, 65% have Hold ratings, only 26% Buy or Strong Buy. The Motley Fool flagged INTC as overbought after the violent re-rating; Forbes asked where the stock goes next from record territory above $100.

Datadog and Cloudflare bid up ahead of May 7 earnings

Both names rallied into next Thursday's prints. Datadog Inc. (NASDAQ: DDOG) closed at $140.53, up 6.31% on the day and 16.8% over the month, with the Street looking for a Q1 beat after Q4 EPS of $0.59 cleared the $0.39 estimate by 51%. Cloudflare Inc. (NYSE: NET) added 6.11% to $217.50, with consensus expecting $0.23 EPS on $621.91 million revenue. NET still trades at a forward P/E of 188, the most extended multiple in the AI-software complex; FY26 revenue guidance of $2.785 to $2.795 billion implies 28% to 29% growth, the slowest top-line pace since 2021.

MongoDB closes at $263.46, +5.04%

MongoDB Inc. (NASDAQ: MDB) joined the software bid, finishing at $263.46. The stock remains 34.1% below its YTD start, the worst performer in the data-infrastructure cohort tracked here, despite Q4 EPS of $1.65 beating consensus by 11.5% and revenue of $695.1 million up 27% year-on-year. Across 33 analysts the average price target sits at $368.67, a 36.8% premium to today's close, with Buy consensus.

Applied Materials lone notable laggard on China export halt

Applied Materials Inc. (NASDAQ: AMAT) slipped 1.37% to $389.08, the only chip-equipment name in the red. The U.S. Department of Commerce ordered AMAT and several peers to halt certain tool shipments to Hua Hong Semiconductor, China's second-largest chipmaker. China revenue mix has already compressed from approximately 45% in Q1 fiscal 2024 to roughly 30% today. AMAT still trades at a 42x trailing P/E after a 155% twelve-month run, the kind of multiple that Trefis flagged on April 29 as boom-or-bubble territory. Earnings May 14.

Notable but quieter

Nvidia Corp. (NASDAQ: NVDA) drifted 0.56% lower to $198.45 ahead of its May 20 print, where management has pre-guided $78 billion in revenue and consensus EPS of $1.76 implies 117% year-on-year earnings growth. Meta Platforms Inc. (NASDAQ: META) closed at $608.74, off 0.52%, stabilizing after Wednesday's 9% drop on the capex-shock print. Super Micro Computer Inc. (NASDAQ: SMCI) at $27.09 fell 1.13% on no specific news flow. ASML Holding (NASDAQ: ASML) at $1,427.02 eased 0.83%; the EUV-monopoly story remains intact at +22.6% YTD.

What to watch next week

Datadog and Cloudflare both report Thursday May 7 before the open. Applied Materials reports May 14. Nvidia reports May 20 with the $78 billion revenue guide already in the price; the question for that print is gross-margin direction now that the 25% rule on Hopper-to-Blackwell mix shift starts compounding. Broadcom Inc. (NASDAQ: AVGO) follows on June 4 with consensus revenue of $22.4 billion (+49% year-on-year). For prior-day context see our recap of Alphabet's 10% rip and Meta's 9% capex selloff, and our Tuesday note on the Intel and AMD Q1 blow-out that kicked this week's chip rally into gear.

Not investment advice.