Friday’s Market Highlights: Nike, Nvidia, and Strategic Shifts Dominate Headlines

Nike shares gained traction as demand in China exceeded expectations, signaling resilience in consumer markets. Meanwhile, Nvidia captured attention with dual developments—halting production of its H20 AI chips for China while engaging the Trump administration on potential new semiconductor agreements. These moves underscore the tightening intersection of geopolitics and technology.

Elsewhere, International Paper's restructuring plan—featuring mill closures and workforce reductions—reflects broader industrial realignments. The market rewarded decisive action, sending shares upward despite the cuts. Similarly, ModivCare's bankruptcy filing triggered volatility, highlighting the risks in healthcare services.

Smaller players also made waves. EpicQuest Education and Newegg Commerce rode strong earnings reports to double-digit rallies, while Ubiquiti Networks smashed fiscal Q4 estimates—a reminder that earnings season can deliver surprises across market caps.