Big Tech relief rally, Intel's pre-earnings surge, OpenAI & Oklo

Julie Hyman examines some of the trending stories on Wall Street as part of Yahoo Finance’s Market Minute. Big Tech stocks like Amazon (AMZN), Meta Platforms (META), and Nvidia (NVDA) are rising on signals that US President Trump may soften tariffs on imports from China. Intel (INTC) stock surges following a Bloomberg report that the company has plans to lay off 20% of its workforce. Oklo (OKLO) stock is rebounding after earlier losses from the announcement that OpenAI (OPAI.PVT) CEO Sam Altman is stepping down as Oklo chairman. Oklo says it is exploring a potential partnership with OpenAI. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance’s Market Minute.