{"id":5834,"date":"2026-09-30T15:18:07","date_gmt":"2026-09-30T15:18:07","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=5834"},"modified":"2026-09-30T15:18:07","modified_gmt":"2026-09-30T15:18:07","slug":"nasdaq-climbs-as-chip-stocks-rally-intel-jumps-on-strong-ai-demand","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=5834","title":{"rendered":"Nasdaq climbs as chip stocks rally, Intel jumps on strong AI demand"},"content":{"rendered":"
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The Nasdaq Composite rose 0.52% to 26,935.52 in early trading Wednesday, led by chip stocks as Intel and AMD extended a rally that has semiconductor names on pace for their best month since June.<\/p>\n

The Dow Jones Industrial Average added 0.09% to 51,398.39, and the S&P 500 gained 0.32% to 7,695.86.<\/p>\n

The gains came even as Treasury yields hovered near multidecade highs, with the 30-year yield touching levels last seen in 2002.<\/p>\n

The CBOE Volatility Index eased 1.25% to 15.84, and the small-cap Russell 2000 rose 0.28%.<\/p>\n

Chip stocks lead the market higher<\/h2>\n

Intel jumped 3.28% to $119.73, the session’s standout mover among large-cap tech names.<\/p>\n

Nvidia rose 1.64% to $230.94.<\/p>\n

Both AMD and Intel have been climbing through September on strength tied to AI infrastructure demand, pushing the sector toward its strongest monthly performance since June.<\/p>\n

Micron added 0.74% to $1,073.01, while SanDisk was roughly flat, up 0.10% to $1,731.55.<\/p>\n

Alphabet rose 1.86% to $347.27, extending gains from earlier in the week.<\/p>\n

HPE surges on new AI order<\/h2>\n

Hewlett Packard Enterprise was the day’s biggest gainer among widely held names, up 6.20% to $65.31.<\/p>\n

The stock surged after HPE announced a $1.2 billion order from Vultr, a large privately held cloud infrastructure company, for AMD Helios AI Rack systems to be deployed across Vultr’s US data centers.<\/p>\n

It marks HPE’s first commercial order for the new platform.<\/p>\n

The announcement came directly from HPE’s Networking Investor Day in Sunnyvale, California, where CEO Antonio Neri said that “AI is driving the largest infrastructure buildout in history.”<\/p>\n

Moderna and Fair Isaac lead losers<\/h2>\n

Moderna tumbled 7.76% to $187.68<\/a> after Citi downgraded the stock to sell, with a price target roughly 60% below Tuesday’s closing price.<\/p>\n

Fair Isaac fell 3.49% to $596.30, adding to a sharp decline from the prior session.<\/p>\n

The shares plunged more than 20% after the Federal Housing Finance Agency announced changes to mortgage pricing that would introduce competition to FICO’s longstanding role in mortgage credit scoring.<\/p>\n

Meta Platforms slipped 2.18% to $722.71, and Tesla fell 1.62% to $347.12.<\/p>\n

Applied Materials eased 0.32% to $510.38, and Equifax declined 0.45% to $140.20.<\/p>\n

Lumentum Holdings fell 1.87%.<\/p>\n

What’s ahead<\/h2>\n

The August core PCE index, the Fed’s preferred inflation gauge, rose 3% year-over-year, well below estimates, while the headline figure came in at 3.4%.<\/a><\/p>\n

Commerce Department data also showed stronger-than-expected consumer spending for the month, though income growth was lighter than forecast.<\/p>\n

Markets lowered the probability of an October rate hike following the release, though traders still expect an increase in December.<\/p>\n

Second-quarter GDP was also revised sharply higher, driven by stronger consumer and government spending along with higher private sales.<\/p>\n

Friday’s nonfarm payrolls report will offer the next major read on labor market strength ahead of the Fed’s late-October meeting.<\/p>\n

The post Nasdaq climbs as chip stocks rally, Intel jumps on strong AI demand<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The Nasdaq Composite rose 0.52% to 26,935.52 in early trading Wednesday, led by chip stocks as Intel and AMD extended a rally that has semiconductor names on pace for their best month since June.The Dow Jones Industrial Average added 0.09% to 51,398.39, and the S&P 500 gained 0.32% to 7,695.86.The gains came even as Treasury…<\/p>\n","protected":false},"author":1,"featured_media":5835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5834"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5834\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/5835"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}