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US stocks slip as chip reversals and Iran talks uncertainty unsettle investors
Economy
Published on 7 May 2026
Chip stocks gave back earlier gains after an AI run
The S&P 500 finished lower as semiconductor stocks including Intel and Arm Holdings retreated, reversing earlier gains. Uncertainty around U.S.-Iran peace talks weighed on risk appetite, even after a strong AI- and tech-led quarter. Investors also kept an eye on chip supply concerns and geopolitical tensions, while oil prices edged down and Nvidia and Microsoft posted gains.
- S&P 500 closed lower despite an AI led strong quarter
- Intel and Arm Holdings reversed earlier semiconductor gains
- U.S.-Iran peace talk uncertainty added to market jitters
- Oil dipped as Nvidia and Microsoft rose
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times