# The S&P 500 dipped on Thursday, with Intel and other chip stocks retreating.

*semiconductor · news · 2026-05-07 · MarketScreener*

## Key points

- Arm Holdings shares fell 10% due to concerns over securing AI chip supplies, despite strong forecasts.
- The PHLX chip index dropped 2.4%, reducing its quarterly gain to 45%.
- Datadog surged 29% after raising its full-year earnings forecast, boosting cybersecurity stocks like CrowdStrike and Palo Alto Networks.
- Whirlpool shares slumped 13% after missing first-quarter sales expectations and suspending its dividend.
- Sources indicate the U.S. and Iran may reach a temporary agreement halting war but not core disputes.

**Companies:** Intel, Nvidia, Microsoft, Advanced Micro Devices, Arm Holdings, Datadog, CrowdStrike, Palo Alto Networks
**Countries:** United States, Iran

[Read the full story on MarketScreener](https://www.marketscreener.com/news/s-p-500-dips-as-chip-stocks-give-up-gains-ce7f5bdadb88f423)

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