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

Share Market
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CNBC Awaaz•23-01-2026, 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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