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Tech Stocks Rocket Higher on Chip Strength, Easing Oil and Iran Deal Hopes

AMD’s 38% revenue growth and a 46% Q2 outlook lifted semiconductors, while crude fell nearly 9% on U.S.-Iran diplomatic progress.

Summary by 247wallst.com
The post Tech Stocks Rocket Higher on Chip Strength, Easing Oil and Iran Deal Hopes appeared first on 24/7 Wall St.. Quick Read AMD’s blowout earnings and strong forward guidance, combined with a sharp retreat in crude oil prices tied to U.S.-Iran diplomatic progress, are driving the broader tech market higher.   On the tech deal front, Nvidia and Corning announced a long-term partnership designed to bolster domestic optical connectivity prod…

6 Articles

Center

Peace hope in the Middle East makes stock exchanges explode: Dow Jones, Nasdaq and S&P 500 reach new all-time highs. Oil crashes, gold rises – and tech shares celebrate a rally.

Center

The oil fell with the hope of a reopening of the Strait of Ormuz, while AMD was flaming on the Stock Exchange, carried by the frenzy around the chips for the AI. ...

·Brussels, Belgium
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247wallst.com broke the news in New York, United States on Wednesday, May 6, 2026.
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