# The Nasdaq 100 surged past 28,000 during Tuesday morning trading.

*semiconductor · news · 2026-05-05 · Benzinga*

## Key points

- The Nasdaq 100 surpassed 28,000, hitting a record high driven by AI-related semiconductor gains.
- WTI crude oil prices fell 4.1% after President Trump indicated Iran negotiations progress.
- Micron Technology stock soared 9.8% due to strong AI-memory pricing and optimistic hyperscaler spending.
- Bullish, a crypto exchange, led the Russell 1000 with a 13% surge as Bitcoin rebounded above $81,000.

**Companies:** Micron Technology, Inc., SanDisk Corporation
**Countries:** United States

[Read the full story on Benzinga](https://www.benzinga.com/markets/equities/26/05/52295587/nasdaq-100-28000-points-record-highs-intel-rallies-on-aapl-apple-services-stock-market-today-tuesday)

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