Fast Money Blog- 7/3/25
Good news. It was another positive week on Wall Street. And here’s why:
The June jobs report showed the US labor market remained more resilient than anticipated as the US economy added 147,000 nonfarm jobs and the unemployment rate fell to 4.1%.
During this shortened week on Wall Street, several stocks saw prices rise on good news.
Below is a look at 3 stocks that made significant gains this week.
Oracle Corporation (ORCL) continued its 3 week run as the stock picked up more steam upon the announcement that Open AI expanded on a deal to rent an significant capacity of computing power from Oracle data centers. It’s been reported that Open AI wants to lease 4.5 gigawatts of capacity from Oracle, which is an unprecedented amount of energy.
To meet this additional demand, Oracle plans to develop multiple data centers across the US, with possible sites in Texas, Michigan, Wisconsin and Wyoming.
Over the past 5 trading days, Oracle stock has risen over 11%, to an all-time high of $237.03 per share.
On Tuesday, July 1st, it was reported that Apple, Inc. (AAPL) is considering turning to external AI models, like Open AI and Anthropic, to power a new version of Siri. This marks the first time Apple has talked about pushing aside its own in-house AI model in favor of another, an acknowledgment that the company has clearly struggled in the AI space.
On this news, Apple stock rose from around $200 per share on Tuesday morning to today’s close of $213.55 per share.
Applied Materials, Inc. (AMAT) has seen steady advances on its stock over the past month, on news that the company will begin operations early next year in its new EPIC Center.
EPIC, short for Equipment and Process Innovation and Commercialization, will be the largest and most advanced research & development (R&D) facility of its kind in the semi-conductor industry. AMAT’s new center will define how new chips are made in the future and facilitate new advances in semi-conductor technology.
Over the past 5 trading days, AMAT has risen almost 4% from $184.42 to today’s close of $191.05
It appears as if despite the uncertainty caused by retaliatory tariffs and global wars, Wall Street wants to move forward.
Tyrone Jackson, The Wealthy Investor