Key Takeaways
- The possibility of adding a new Big Tech customer helped lift an American chipmaker’s stock on Friday, Nov. 28, 2025, while a recently hot pharmaceutical stock cooled.
- Intel stock pushed higher after an analyst suggested the company could become a foundry supplier for Apple processors.
- Eli Lilly shares turned lower, giving back some of the gains that recently lifted the stock to a $1 trillion market capitalization.
A major U.S. chipmaker got a boost from speculation that it could win a new Big Tech customer, while a high-flying pharmaceutical stock reversed some of its recent gains.
Major U.S. equities indexes rose in Friday’s shortened trading session to register their best week since June, though the Nasdaq logged its first losing month since March. The S&P 500 rose 0.5%, the Dow added 0.6%, and the Nasdaq finished 0.7% higher Friday. See here for more from Investopedia on the day’s market moves.
Intel (INTC) shares surged 10.2% to post the S&P 500’s top performance in the shortened trading session. The jump came after an analyst suggested that Intel could become a foundry supplier for Apple (AAPL) processors, adding fuel to rumors earlier in the year about a possible deal with the iPhone maker.
Shares of Sandisk (SNDK), a maker of flash memory cards and solid-state drives, gained close to 4% as the stock made its debut in the S&P 500 Friday. Inclusion in the benchmark index can increase demand for a stock from index-tracking funds and new audiences of investors. Sandisk stock has soared since the business completed its spin-off from Western Digital (WDC) in February, boosted by optimistic forecasts for memory pricing amid strong AI-driven demand.
Natural gas futures prices moved higher after temperatures dipped over Thanksgiving, with temperatures forecasted to remain below average over the coming week, providing a strong demand signal for the key heating fuel. Shares of natural gas producer and pipeline operator EQT (EQT) gained over 3%.
Cryptocurrency prices gained, with the price of Bitcoin (BTCUSD) moving back above $90,000 after spending around a week below that level. Stocks with exposure to cryptocurrency markets rose along with the price of Bitcoin Friday. Shares of crypto exchange operator Coinbase Global (COIN) climbed about 3%.
Eli Lilly (LLY) shares slipped 2.6%, giving back a portion of the recent gains that helped the drugmaker become the first-ever healthcare company to reach a market capitalization of over $1 trillion. Sales of the company’s popular weight-loss drugs have underpinned the push higher. Despite Friday’s decline, Lilly stock is up around 39% for 2025.
Several AI darlings came under pressure in the shortened trading session. Nvidia (NVDA) shares, which fell earlier in the week amid concerns about competitive threats from other firms, slid another 1.8% Friday. Shares of database and networking software giant Oracle (ORCL) lost 1.5%.