# Intel and Advanced Micro Devices both declined about 3%.

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

## Key points

- Arm Holdings' shares fell sharply due to supply concerns for its new AI chip.
- The PHLX chip index dropped 2.7%, reducing its quarterly gain to 47%.
- U.S.-Iran peace talks may result in a temporary halt to their conflict, unresolved core issues remain.
- Traders anticipate the Federal Reserve will keep interest rates steady through year-end amid labor market strength.
- Datadog surged 31% after raising its full-year earnings forecast, outperforming cloud-monitoring peers.

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

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/headlines/3900652-us-stocks-sp-500-ends-down-as-chip-stocks-give-up-gains)

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