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Dow crashes 150 points as Nasdaq rockets on Intel’s AI earnings surge
Economy
Published on 24 April 2026
Intel shares jump 25 percent as AI chips pull Wall Street
US markets moved sharply in opposite directions: the Dow slid over 150 points while the Nasdaq rose nearly 0.9% and the S&P 500 held steady gains. The shock came from Intel’s more-than-25% surge after strong earnings, fueled by AI data-center demand and a near-10% weekly run in semiconductors. Rising oil above $100 from Iran tensions weighed on industrials, while consumer sentiment stayed near record lows.
- Dow drops 150+ points while Nasdaq climbs nearly 0.9%
- Intel rallies over 25% after strong earnings tied to AI demand
- Semiconductors extend weekly gains near 10% in the tech-led bounce
- Oil above $100 from Iran tensions pressures industrial stocks
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times