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S&P 500 and Nasdaq hit fresh records as AI chip stocks surge again
Business
Published on 5 May 2026
Geopolitics eased as markets chased AI-driven earnings
The S&P 500 and Nasdaq climbed to fresh record highs as AI-linked chip names, including Intel, rallied alongside encouraging quarterly results. With a U.S.-Iran ceasefire holding, investors also saw geopolitical tension cool off. Market optimism was reinforced by forecasts pointing to strong year-over-year earnings growth across S&P 500 companies.
- S&P 500 and Nasdaq logged new record highs
- AI chip stocks like Intel led the surge
- Strong quarterly earnings boosted investor confidence
- A U.S.-Iran ceasefire eased geopolitical risk
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times