The S&P 500 climbed to a new record high on Friday, capping a remarkable rebound for US equities this year despite persistent trade tensions and geopolitical uncertainty. Optimism over imminent trade agreements,

For all the talk about how much more Nvidia can grow, it delivered a blowout report for the fiscal 2026 first quarter.

Here's how billionaires Tepper, who oversees $8.3 billion, and Laffont, who manages $22 billion, took action on Nvidia and Meta in the first quarter: Tepper sold 55% of his Nvidia stock and now holds 300,000 shares. He increased his Meta position by 12% to 550,000 shares. It's his fifth-biggest stock position.