Semiconductor stocks drove tech rally gains while the Iran war caused surging inflation concerns and boosted crude prices.
4 reports, 3 independent
Updated Aug 18
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What happened
Semiconductor stocks drove tech rally gains while the Iran war caused surging inflation concerns and boosted crude prices.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Semiconductor stocks affected Nasdaq, while inflation data raised concerns about future Fed rate hikes, and Charles Schwab reported earnings.Sub-event
Iran war and military strikes are driving inflation concerns and boosting crude prices.1 source
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The entities involved
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AMD
American multinational semiconductor company
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FED
business
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Intel
American multinational technology company
Related events
- The US economy reported third-quarter GDP growth, boosted by AI investments, while facing energy cost pressures from the Iran war.
- AI competition between companies like Intel and DeepSeek is contributing to market sell-offs, which are now linked to inflation and rate hikes driven by Middle East tensions.
- Renewed fighting in the Middle East, including attacks on vessels in the Strait of Hormuz, coincides with strong AI spending and chip industry developments.
- Intel and AMD shares were traded on the Nasdaq exchange, with both stocks experiencing a sympathetic pullback.
- Military actions by US and Israel against Iran elevated energy markets, prompting the FED to aim for a rate hike to curb inflation.