Goldman Sachs led a parade of Wall Street firms boosting their price targets on the biggest AI-focused stocks as investors double down on the hottest tech-sector trade heading into the second-quarter earnings season.

Stocks are off to a sluggish start on Wall Street, while Delta Air Lines led a rally in airline stocks after releasing a solid outlook for the rest of 2025.

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Stocks have clawed their way to another record high this week as investors continued to extend increasingly precarious bets on trade.

Wall Street opened muted on Thursday, taking a breather after Nvidia's $4 trillion sprint, while airline stocks jumped following Delta's upbeat forecast.

Asian shares are mixed in cautious trading Friday after Wall Street closed at an all-time high with Delta Air Lines kicking off earnings season with a solid outlook for the rest of 2025, spurring an airline stock rally.

Catalyzing the rally was Goldman Sachs analysts commemorating the Snack Wrap’s comeback by upgrading their rating on McDonald’s stock from neutral to a buy.

Stock in the mega-exhibitor soared on Friday as a Wedbush analyst argued glaring uncertainties brought on by the pandemic and the Hollywood strikes is behind the debt-laden company.