Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Oleksandr Pylypenko

Nasdaq Futures Rally on Upbeat Intel Earnings and Iran Talks Optimism

June Nasdaq 100 E-Mini futures (NQM26) are trending up +1.33% this morning as strong quarterly results and guidance from chipmaker Intel, along with optimism over potential U.S.-Iran talks, boosted sentiment.

Intel (INTC) jumped over +29% in pre-market trading after the chipmaker reported Q1 results that blew past Wall Street estimates and delivered a blockbuster Q2 sales forecast. The surge puts the stock on track to surpass its previous peak from roughly 26 years ago. Adding to the positive tone in tech, Taiwan Semiconductor Manufacturing Co. surged over +5% in Taipei after regulators eased limits on how much funds can allocate to a single stock, enabling managers to increase exposure to the world’s largest contract chipmaker. U.S.-listed shares of TSMC (TSM) rose about +3% in pre-market trading.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.