AI Stocks Rally Pushes S&P 500, Nasdaq, Kospi to Record Highs: Are Valuations Still Justified?
Intel-led gains and strong earnings lifted semiconductor shares, while the S&P 500 rose 0.82% and the Nasdaq 1.03%, LSEG data showed.
- On Tuesday, the S&P 500 climbed 0.81 percent to a record 7,259.22, while the Nasdaq Composite gained 1.03 percent to 25,326.13, bolstered by a surge in AI-related stocks.
- Intel surged 13 percent following reports of exploratory talks with Apple regarding chipmaking services, while chip designer AMD rallied 4 percent ahead of its quarterly report, with analysts expecting a 33 percent revenue surge.
- According to Tajinder Dhillon, head of earnings research at LSEG, S&P 500 companies are on track for 28 percent year-over-year earnings growth, the strongest since 2021, while March job openings fell to 6.866 million.
- The White House said Tuesday a US-Iran ceasefire held firm, allaying worries that efforts by both nations to assert control over the Strait of Hormuz would escalate hostilities.
- All 11 S&P 500 sector indexes rose on Tuesday, led by materials and information technology, as investment strategist Tom Hainlin at US Bank Wealth Management noted strong earnings should carry forward into the year.
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The Billings Gazette
News & RecordS&P 500, Nasdaq hit records as AI stocks surge
The S&P 500 and Nasdaq notched record high closes Tuesday, lifted by Intel and other artificial intelligence-related stocks, as a U.S.-Iran ceasefire held firm and investors focused on strong quarterly earnings.
AI stocks rally pushes S&P 500, Nasdaq, Kospi to record highs: Are valuations still justified?
The rally in semiconductor stocks pushed the Philadelphia Semiconductor Index up 4.2% to a record high. The index has now gained 55% so far in 2026. Both the S&P 500 and Nasdaq Composite also closed at record highs, supported by gains in AI and semiconductor stocks.
US Stocks Rally on Easing Middle East Tensions; S&P and Nasdaq Hit Again All-Time Highs. The three major stock indices on the New York Stock Exchange all closed higher. Expectations that the ceasefire between the U.S. and Iran will be maintained, coupled with strong corporate earnings, led the rally. The Standard & Poor's S&P 500 and Nasdaq indices stood side by side.
AI chip stocks push S&P 500 and Nasdaq to new highs
NEW YORK — The S&P 500 and Nasdaq notched record high closes May 5, lifted by Intel and other stocks tied to the artificial-intelligence boom, as a U.S.-Iran ceasefire held firm and investors focused on strong quarterly earnings.
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