Wall Street climbs as investors buy AI stocks; Microsoft rallies
Source: Reuters ·
By Noel Randewich and Johann M Cherian Sept 25 (Reuters) - Wall Street climbed on Friday, lifted by Microsoft and other AI-related technology stocks, while high oil prices and a recent surge in US
From the source
By Noel Randewich and Johann M Cherian Sept 25 (Reuters) - Wall Street climbed on Friday, lifted by Microsoft and other AI-related technology stocks, while high oil prices and a recent surge in US Treasury yields kept investors on edge. Gains in the S&P 500 and Nasdaq capped a volatile week driven by uncertainty about what industries will win and lose from artificial intelligence, and by concerns about the US war with Iran and a surge in US Treasury yields. Microsoft rallied 3.3%, lifting its 2026 gain to 7%, after the software giant unveiled several new capabilities in its Copilot app, including a coding tool and an always-on AI agent. Akamai Technologies surged 6% after an $11.6 billion cloud services deal with AI leader Anthropic. The deal includes a warrant that could give Anthropic up to 5% of Akamai. "That's a positive from the standpoint that people are still investing, deals are still being done," said Thomas Martin, senior portfolio manager at Globalt Investments in…