US Stocks Rise as SK Hynix Debuts on Nasdaq

US stocks rose on Friday, fueled by sustained investor interest in artificial intelligence companies. The S&P 500 increased 0.4%, the Nasdaq composite grew 0.3%, and the Dow Jones Industrial Average gained between 149 and 190 points. A major catalyst was the Nasdaq debut of SK Hynix, a South Korean memory chip maker that raised approximately $26.5 billion and saw its shares climb between 13.1% and 13.5% by the end of the day. Nvidia also contributed to the S&P 500 growth with a rise of 3.8% to 4%.

In the financial technology sector, Circle Internet Group received U.S. regulatory approval to establish a bank named Circle National Trust. Separately, Delta Air Lines reported spring profits and revenue that surpassed analyst expectations.

Geopolitical tensions shifted as President Donald Trump announced on social media that the United States informed Iran that the ceasefire is over. While Trump agreed to continue talks, the announcement contributed to volatility in energy markets. Brent crude oil prices dipped 0.4% to $76.01 as investors weighed the risk of conflict disrupting oil tankers in the Strait of Hormuz.