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US Tech 100 Opens +0.70% on Intel Earnings Blowout Despite Iran Risks

The US Tech 100 opened +0.70% higher on April 24, propelled by Intel's Q1 non-GAAP EPS of $0.29 versus $0.01 consensus on $13.58B revenue, driving a 28% premarket share surge and reigniting AI optimism. This builds on April 23's rally, with the index up 17.4% since March 30 lows and 6.7% year-to-date despite Iran tensions, fueled by software strength (IGV +18.8% since April 10) and broader gains in S&P 500 (+12.5% from lows) and VWO (+12%). Nasdaq futures had climbed 1.33% earlier on earnings and diplomacy hopes, though oil at $91/bbl and VIX near 19 signal caution.

Category

US Tech 100

Sentiment

Bullish

Event

Market commentary

Reading time

1 min