Wall Street climbs as investors buy AI stocks; Microsoft rallies

Wall Street climbed on Friday, lifted by Microsoft and other AI-related technology stocks, while high oil prices and a recent surge in U.S. 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 U.S. war with Iran and a surge in U.S. Treasury yields. Microsoft 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. Akamai Technologies surged 6 percent after an $11.6 billion cloud services deal with AI leader Anthropic. The 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, so OK … but Akamai stock is up.” Chip maker Qualcomm gained 5.4 percent and Dell advanced 6.6 percen

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