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Intel Soars on Nvidia Investment Amidst Broader Market Rally; Newsom’s Office Under Fire for “Threatening” Tweet
Stock Market News·2025-09-21 03:38

Group 1: Intel's Stock Surge - Intel's shares surged between 22.8% and 29%, marking its largest one-day gain since 1987, following Nvidia's announcement of a $5 billion investment and a strategic partnership to co-develop advanced chips [2][6] - The surge positioned Intel as one of the most overbought stocks on Wall Street, indicating a potential for price correction due to rapid price increases [2][6] Group 2: Market Impact - The rally in Intel's stock contributed to a broader market upswing, with the Dow, S&P 500, and Nasdaq Composite all closing at all-time record highs [3][6] - The tech sector, particularly semiconductors, experienced substantial gains, with Nvidia's shares also rising by 3.4% to 3.5% [3][6] Group 3: Federal Reserve Influence - Market sentiment was further boosted by the Federal Reserve's decision to implement a 25-basis-point interest rate cut, lowering the policy rate to 4.00%-4.25% [3]