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Wall Street indexes notch record-high closes as Intel soars on Nvidia stake
The Economic Times· 2025-09-19 01:53
Intel clinched its biggest daily gain since October 1987, jumping 22.8% after Nvidia said it would invest $5 billion in the struggling U.S. chipmaker. Peer Advanced Micro Devices slipped 0.8%. Nvidia rose 3.5%, recovering losses from Wednesday when a report said Chinese tech firms might stop buying its chips. The moves boosted a broader semiconductor index up 3.6%, and also lifted the tech-heavy Nasdaq and the S&P 500 technology sector up 1.36%. Seven of the 11 S&P 500 sectors gained. Meanwhile, the small- ...