Stock Market This Week: INTC Rally, ORCL & NVDA Deals, MU Earnings

Market Overview - All four major indices experienced declines after reaching all-time highs earlier in the week, with the S&P 500 down 0.3%, Nasdaq 100 down 4%, Dow down 2%, and small caps down 6% [1] - Energy sector was the best performer, increasing nearly 5%, while utilities rose almost 3% [1] Company Highlights - Intel emerged as the biggest winner in the S&P 500, with shares rallying 20% to new 52-week highs following reports of approaching Apple for an investment [2] - Intel is also in discussions with Taiwan Semiconductor for another investment [3] - Nvidia's stock reached all-time highs before a pullback after announcing a $100 billion investment in OpenAI, aimed at deploying 10 gigawatts of data centers using Nvidia's chips [4] - Micron reported earnings that exceeded expectations, with guidance above estimates, driven by record data center revenue and rising demand for cloud memory [5] Upcoming Data and Earnings - Upcoming data releases will focus on labor statistics, including ADP employment jolts and the September jobs report, along with consumer confidence and composite PMI [6] - Quarterly earnings reports are anticipated from Nike, Carnival, and Kagra brands [6]