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CNBC Awaaz23-01-2026, 23:30

Intel Plunge Pressures US Market; Tech Giants Prop Up Nasdaq Amid Mixed Signals

  • US stock markets showed mixed signals: Nasdaq gained over 0.5%, S&P 500 fluctuated, and Dow Jones declined over 0.5%.
  • Intel shares plunged 15.6% due to weak outlook and difficulties meeting AI server chip demand, pressuring the market.
  • Mega-cap tech stocks like Microsoft, Netflix, Meta, Amazon, and Nvidia saw significant gains, supporting Nasdaq.
  • Gold hit record levels and silver crossed $100/ounce, indicating sustained demand for safe-haven investments.
  • Upcoming quarterly results from 'Magnificent Seven' companies (Apple, Tesla, Microsoft) will be crucial for market direction.

Why It Matters: Intel's sharp decline impacted the US market, but strong performance from other tech giants buoyed Nasdaq.

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