Intel shares jump as chip rally lifts Wall Street amid easing Middle East tensions

Intel stock surged about 8.5% as semiconductor shares rebounded, boosting the S&P 500 tech sector and the Philadelphia Semiconductor Index. The rally was supported by cooling tensions in the Middle East after Iran announced the end of its first wave of attacks on Israel, easing energy‑price concerns.

Broad market indices rose, with the Dow up 0.29%, the S&P 500 up 0.68% and the Nasdaq up 1.09%. Analysts noted that despite stretched valuation multiples, Intel still offers upside potential, with some forecasts citing as much as a 31% gain based on its data‑center AI and foundry segments.

The combined market optimism reflects both the chip sector’s recovery and the reduction in geopolitical risk, while investors remain attentive to upcoming inflation data and Federal Reserve policy signals.