🟢 QQQ is trading 1.6% up today on Intel's post-earnings surge and AI chip demand

QQQ is trading 1.6% up in pre-market as Intel surges on a Q1 earnings beat and strong AI chip demand.

• Intel (INTC) shares jumped 20-25% after reporting results that exceeded expectations, providing a significant lift to the tech-heavy index.
• The move aligns with a 1.63% gain in the Nasdaq Composite and a 0.89% rise in Nasdaq-100 futures (NQ), offsetting recent software sector weakness from IBM and ServiceNow.
• Broader market sentiment remains positive amid stabilizing Middle East tensions and a lack of major economic data releases today.