# S&P 500 and Nasdaq notched record high closes on Tuesday, lifted by Intel and other AI-related stocks.

*business · news · 2026-05-05 · The Economic Times*

## Key points

- The Philadelphia SE Semiconductor index reached a record high, driven by AI-related stocks like Intel.
- S&P 500 companies are expected to post 28% year-over-year earnings growth for Q1, the strongest since 2021.
- Washington confirmed its ceasefire with Iran remains intact, calming geopolitical tensions over the Strait of Hormuz.
- Investors anticipate AMD's quarterly revenue will surge by 33%, preceding its latest earnings report.

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

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/us-stocks/news/us-stocks-today-sp-500-and-nasdaq-notch-records-as-ai-chip-stocks-surge/articleshow/130838707.cms)

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