The broad S&P 500 and Dow Jones industrial averages also closed up, 0.9 and 0.4 percent, respectively.
Nvidia rose 3.9 percent. The Trump administration is said to have initiated a review that could result in shipments of Nvidia's H200 chip to China, according to Reuters sources. It is not Nvidia's most advanced product, and Trump has previously said he may allow exports for a 25 percent tariff.
AI-related Oracle surged 6.9 percent. The cloud giant's stock, which has otherwise struggled in recent weeks and worried investors, rose on news that Tiktok owner Bytedance has agreed to sell its US operations to a new joint venture company that includes Oracle.
Chip company Micron Technology, which surged 10 percent on Thursday on a report that beat expectations, rose another 7 percent on Friday.
For the week as a whole, the Dow Jones Industrial Average fell 0.7 percent, while the S&P 500 and Nasdaq Industrial Averages rose 0.1 and 0.5 percent, respectively, according to the AP news agency.
