Intel Chip Shortage SPX Boost
Concerns over a chip shortage are positively impacting Intel's outlook and, by extension, the S&P 500.
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
"The S&P 500 rose to end just short of a record high on Friday, as a blockbuster Nasdaq debut of South Korea's SK Hynix fueled optimism about memory-chip makers."
"Investor sentiment improved after chip stocks staged a strong rebound from Friday’s sell-off, easing concerns that the artificial intelligence-driven rally was losing momentum."
"A surge for Intel following a blowout profit report led the U.S. stock market to more records Friday."
"S&P 500 futures (SPX) +0.2%, Nasdaq 100... Intel's strong results led to an 8.7% premarket jump in its shares and helped Nasdaq futures outperform."
""The S&P 500 will surf a wave of government spending over the next few years, while other parts of the US economy navigate a raft of challenges...""
""The S&P 500 will surf a wave of government spending over the next few years...""
"Shares of Intel were trading higher, potentially amid continued concerns of a chip shortage, which has caused supply concerns and lifted price outlook."