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Hey listeners. It's Saturday, May 9th.

I'm Imani-Mau-Ease for the Wall Street Journal.

And this is what's news in markets. Our look at the biggest stock moves of the week and the news that drove them. Let's dive in. Investors spent this week chasing the next phase of the AI boom. But analysts can't decide whether the AI trade looks more like the future or 1999. The S&P 500 and NASDAQ both climbed to fresh records.

Tech stock surged, software companies staged a comeback,

and investors poured into everything from cybersecurity firms to Japanese toilet makers.

The NASDAQ led the way rising 4.5% over the week,

while the S&P 500 grew 2.3%.

The Dow was up 0.2%. The Dow was up 0.2%.

Tech stocks stole the show this week, surging 7%, making it the best performing corner of the S&P 500 by a mile.

The rally extended far beyond just the magnificent seven, as a wide range of

tech companies from Uber to Pinterest reported better than expected earnings. Even software stocks

got a boost. After being beaten down in recent weeks due to fears that their products would

eventually be replaced by AI. Data Dog was a top performer in the S&P this week. Its shares soared 42% after the

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