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Wall Street rallied Thursday as strong retail sales data and continued enthusiasm around artificial intelligence pushed the Nasdaq and S&P 500 to fresh record highs. Investors also monitored U.S.-China talks in Beijing and ongoing inflation concerns tied to rising energy prices

Technology and AI-linked stocks led gains throughout the session, while several healthcare and software names moved sharply lower after earnings and analyst downgrades.

Biggest Winners

Cisco Systems (NASDAQ: CSCO) surged 13% after strong quarterly earnings and upbeat AI-related guidance boosted investor confidence. 

Ford Motor (NYSE: F) jumped 13.2% as investors reacted positively to growth expectations tied to the company’s energy and EV initiatives. 

ON Semiconductor (NASDAQ: ON) climbed 11.1% amid continued momentum in semiconductor and AI infrastructure stocks. 

Cerebras Systems soared 68%+ in its market debut following one of the year’s most anticipated AI IPOs

StubHub rallied 14% after reporting strong consumer demand and improving profitability trends. 

Nvidia gained 4.4% after reports the U.S. would allow limited AI chip sales to Chinese firms. 

Biggest Losers

Doximity plunged 23% after disappointing earnings results triggered a sharp selloff. 

AppLovin dropped 7.6% as investors rotated out of high-growth software names.

FactSet fell 6.5% following weakness across financial information and analytics stocks. 

Constellation Energy declined 6.4% after investors pulled back from energy-related names despite elevated oil prices. 

Accenture slid 6% amid continued concerns about AI disruption across enterprise software and consulting firms.