The big market story today is Apple (Nasdaq: AAPL), which is lifting all boats and driving the Nasdaq Composite over 1% higher to end the week on a positive note. Apple's Q1 results appeased investors and the markets are seeing the AI glass half full.

Palantir Technologies (NASDAQ: PLTR) was one of the hottest artificial intelligence stocks on the market last year. Ives recently raised his 12-month target price to $90 per share, citing confidence in the company's artificial intelligence strategy. Ives thinks Palantir could be the next Oracle, a software company worth $515 billion.

Nvidia Corp, the poster child of the AI frenzy, sank 17 per cent on Monday and reported the biggest market-cap loss for a single stock in market history.

Stock index futures were higher on Fridays, with Nasdaq futures leading the pack, as Apple and Intel's earnings reports brought cheer, while the inflation gauge came in line with expectations. S&P 500 futures (SPX) +0.

Nasdaq 100 E-Mini futures (NQH25) are trending up +0.54% this morning as investors digested earnings reports from big U.S. tech companies. Tesla (TSLA) gained over +2% in pre-market trading despite reporting weaker-than-expected Q4 results,