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.
6 Articles
6 Articles
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.
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. ...
Tech Stocks Rocket Higher on Chip Strength, Easing Oil and Iran Deal Hopes
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…
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