# The S&P 500 and Nasdaq closed at record highs on Wednesday.

*business · news · 2026-05-06 · Devdiscourse*

## Key points

- AMD issued a quarterly revenue forecast that exceeded expectations, sparking a surge in AI-related stocks.
- Iran is considering a new U.S. proposal that could lead to negotiations halting Middle East conflict.
- Easing oil prices have reduced inflationary concerns, contributing to the market's upward movement.
- S&P 500 companies are consistently surpassing first-quarter profit estimates, boosting investor confidence.

**Companies:** Advanced Micro Devices, Intel
**Countries:** United States, Iran

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/headlines/3899301-record-highs-sp-500-and-nasdaq-surge-amid-middle-east-peace-signals-and-strong-amd-earnings)

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