How Strong Jobs and AI Demand Powered Rocket Lab’s 34% Surge and Nasdaq Gains — Market Wrap May 10

Today's AI insights from 7horns.ai reveal a tech-led rally pushing the Nasdaq up 1.71% and the S&P 500 to an all-time high with a 0.84% gain. Friday's market optimism was driven by a stronger-than-expected April jobs report showing 115,000 new non-farm payrolls and steady unemployment at 4.3%, alongside hopes for a US-Iran peace deal. The rally was concentrated in technology, with the S&P 500 tech sector rising over 3%. Notable stock moves included Rocket Lab soaring 34% after a record quarter and strong guidance, Micron Technology jumping 15.5% on Friday alone to cap a 38% weekly gain fueled by AI-driven memory chip demand, and Tesla climbing over 4% on strong earnings. Conversely, Cloudflare dropped nearly 24% despite beating earnings, due to workforce cuts and revenue guidance concerns. International markets mostly followed suit, with Japan’s EWJ up 1.35% and developed markets via EFA up over 1%, while China’s FXI was flat. Futures suggest a firmer start next week amid mixed signals from Asia. AI insights powered by 7horns.ai — the world's first true AI research financial assistant. Our CNN machine learning model delivers daily stock market analysis with over 60% accuracy, beating the S&P 500 by 300% from 2021–2025. No human emotions, just pure AI-driven financial research. Visit 7horns.ai for your free daily AI insights.