Intel Stock Surge Sends S&P 500, Nasdaq to Records. The Hard Part Starts Now
Intel shares surged 23.65% Friday after the company issued a strong AI-driven sales outlook, sending the S&P 500 and Nasdaq to record closes. Intel reported a $3.73 billion net loss on $13.6 billion in revenue, citing high demand for its CPUs. AMD, Arm, and Nvidia also climbed. The Dow slipped 0.16% as European stocks fell for the week.