QQQ is trading 1.5% up today as a surge in semiconductor stocks, led by a massive rally in Intel, lifts the tech-heavy index.
- Intel shares jumped 25% after reporting Q1 revenue of $13.58B, crushing analyst estimates behind strong AI-driven growth.
- Market sentiment was bolstered by geopolitical de-escalation in the Middle East following a ceasefire extension.
- Broader market gains were partially offset by volatility in the oil market and relative weakness in the Dow.