Wall Street climbs as investors buy AI stocks; Microsoft rallies

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• 01Gains 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 U.S. war with Iran and a surge in U.S.
• 02Akamai Technologies surged 6 percent after an $11.6 billion cloud services deal with AI leader Anthropic.
• 03Microsoft rallied 3.3 percent, lifting its 2026 gain to 7 percent, after the software giant unveiled several new capabilities in its Copilot app, including a coding tool and an always-on AI agent.
• 04Wall Street climbed on Friday, lifted by Microsoft and other AI-related technology stocks, while high oil prices and a recent surge in U.S.
• 05Wall Street climbs as investors buy AI stocks; Microsoft rallies.
• 06The deal includes a warrant that could give Anthropic up to 5 percent 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 Atlanta. "It's another circular deal.
• 07Treasury yields kept investors on edge.