● Zscaler shares plunged after disclosing a chiefRevenueofficer transition, with Ross Tackett appointed to the role effective October 1, 2026.
● Semtech shares rose after picking up a new Buy initiation with a $200 price target, a steady gain rather than a dramatic spike.
● Palo Alto Networks slid to $374.67 on Friday, one of the S&P 500's notable decliners even as theindexitself rose 39.28 points to 7,743.41.
● Qualcomm shares reversed from an early sell-off to close solidly higher after its renewedPatentlicence with Apple, announced September 24, took effect concerns off the table.
● Qualcomm shares initially fell after its Apple licence renewal was announced without financial terms, before reversing to close solidly higher as buyers reassessed the news.
● SCHMID Group shares soared with no reportedEarningsrelease, contract announcement or analyst action to explain the move.
● Micron shares were little changed as investors held back ahead of the company's September 30Earningsreport, seen as a key test of AI-driven memory demand.
● Oracle shares slipped again on Friday, a day after the company issued a force-majeure notice on its Project Jupiter data centre citing permitting and gas pipeline issues.
● Intel fell sharply even as the broader chip sector rallied, with ON Semiconductor and Microchip Technology leading S&P 500 gainers the same day.
● Meta Platforms slid on Friday as traders took profits after a blockbuster week powered by the launch of its Muse AI agent.