U.S. stocks closed higher on Friday, July 10. Dow Jones Industrial Average rose 149.48 points, or 0.28%, to 52,636.89; S&P 500 gained 31.65 points, or 0.42%, to 7,575.29; Nasdaq Composite added 74.72 points, or 0.29%, to 26,281.61.

Morgan Stanley analysts wrote after an investor meeting with NVIDIA management that despite a large market cap and recent relative underperformance, NVIDIA is still their preferred semiconductor stock. They said AI hyperscale cloud providers—about half of current data‑center revenue—are exploring custom‑chip alternatives but NVIDIA "will retain a large portion of that business" and both standard and custom categories should still grow. Demand from Neocloud, industrial and sovereign data centers remains strong and the Vera Rubin chip is expected to ship on schedule. The analysts warned valuation multiples may be capped by NVIDIA's size and index weight but said they expect the valuation gap to close over time and wrote, "Our conviction remains strong."

Samsung will announce new foldable models on July 22, expected to include the Galaxy Z Flip8, Galaxy Z Fold8 and Galaxy Z Fold8 Ultra. South Korean media, citing industry sources, report the Z Fold8 Ultra’s U.S. price will top $2,000, with $2,099 described as “very likely” versus the Z Fold7’s $1,999.99 launch price — implying about a $100 increase; pricing is not final as Samsung continues to review overall strategy. Reported drivers include a RAM supply strain and earlier price increases on the Galaxy S26 series.