Nasdaq hits record high as AI chip stocks and Intel rally
Nasdaq reached a record high on Tuesday as AI stocks rallied and Intel rose 14 percent. Strong earnings and a stable ceasefire supported investor optimism.
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The Nasdaq Composite jumped 1.10% to a record 25,342.82 on Tuesday, driven by a 14% surge in Intel and broader AI optimism.
The rally followed news of a stable ceasefire between the United States and Iran. Strong corporate earnings and easing geopolitical tensions in the Strait of Hormuz are fueling investor appetite for high-growth technology assets.
