Review & Preview: Dot-Com Glory Days

Tech-led optimism drove markets as Intel’s strong earnings and a 23.6% surge to a post-dot‑com-era record amplified a broader rally in technology. The move reinforced investor FOMO around AI, helping major benchmarks climb — the S&P 500 rose 0.8% to a fresh high and the Nasdaq Composite jumped 1.6% to an all-time peak — with both indexes marking their fourth straight weekly gain. The rally highlights resurgent sentiment in semiconductors (an 18-day SOX winning streak) even as Intel remains behind Nvidia in AI data centers and faces cloud competition from Microsoft, Amazon and Google. Near-term market focus includes heavy corporate earnings ahead and the Fed’s FOMC decision, which could temper sentiment depending on inflation signals.