# The S&P 500 and Nasdaq notched record high closes on Tuesday.

*genai · news · 2026-05-05 · MarketScreener*

## Key points

- The S&P 500 and Nasdaq closed at record highs due to Intel and AI-related stocks.
- The Philadelphia SE Semiconductor index reached a record high, driven by AI company gains.
- S&P 500 companies are expected to post 28% year-over-year Q1 earnings growth, the highest since 2021.
- AMD is projected to report a 33% revenue surge in its quarterly results.

**Companies:** Intel, AMD, Archer-Daniels-Midland, DuPont, Pinterest
**Countries:** United States, Iran

[Read the full story on MarketScreener](https://www.marketscreener.com/news/s-p-500-and-nasdaq-notch-records-as-ai-chip-stocks-surge-ce7f58dcd18cf720)

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