# On Friday, optimism surrounding potential U.S.-Iran diplomatic negotiations, combined with robust gains in semiconductor stocks, propelled the S&P 500 and Nasdaq to record highs.

*business · news · 2026-04-24 · Devdiscourse*

## Key points

- Intel's shares surged after the company issued better-than-expected revenue projections.
- The Philadelphia Semiconductor Index reached new highs due to Intel's performance.
- Optimism about potential U.S.-Iran diplomatic talks helped drive S&P 500 and Nasdaq to records.
- Speculation about Federal Reserve interest rate cuts is intensifying ahead of an upcoming meeting.

**Companies:** Intel
**Countries:** United States, Iran

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/law-order/3886505-tech-stocks-surge-amid-us-iran-diplomacy-prospects)

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