Nasdaq hits record high as chip stocks rally after Intel earnings

5 articles · Updated · Barron's · Apr 24

The Nasdaq rose 1.1% to 24,721, marking a fresh intraday record of 24,741.04, while Intel shares surged to record highs.
The S&P 500 also closed at a record, gaining 0.5% to 7,142, but the Dow lagged, falling 175 points due to limited chip stock exposure.
The PHLX Semiconductor Index extended its historic winning streak to eighteen sessions, and oil prices declined as hopes rose for renewed U.S.-Iran peace talks.

Intel's surge after its Dow replacement begs the question: Is the index outdated for a tech-driven economy?

With AI driving the market, why is the Dow Jones falling so far behind its tech-heavy peers?

Is the historic semiconductor rally a new tech revolution or a bubble about to burst?

How fragile is the U.S.-Iran ceasefire, and what happens to oil prices if talks collapse?

Can the AI boom survive if critical supply chains through the Strait of Hormuz are disrupted?