Two things are true this morning. Intel just dragged semis into another record run, and Brent crude is still holding above $104 with Gulf output down 57% from pre-war levels.
That is the split market: AI leadership is saying risk-on, while energy and inflation are telling the Fed to stay careful. Thursday’s completed close had the S&P 500 at 7,108.40, the Nasdaq at 24,438.50, and the Dow at 49,310.32. By Friday morning, Nasdaq was green, Dow was red, and the market was asking one question: can chips outrun oil?
The Rundown
AI
Intel (NASDAQ:INTC) reported Q1 revenue of $13.6B and non-GAAP EPS of $0.29, then guided Q2 revenue to $13.8B-$14.8B. The stock was up more than 22% Friday morning, AMD $AMD jumped double digits, and the SOX index was riding an 18-session winning streak. That’s the tell: AI demand is still strong enough to pull old-school chip names back into the spotlight.
INTEL $INTC JUST REPORTED EARNINGSEPS of $0.29 beating expectations of $0.10🟢Revenue of $13.6 beating expectations of $12.4🟢 pic.twitter.com/3O0MkZpM4z
— Evan (@StockMKTNewz) April 23, 2026
$AMD is up more than 10% in pre market trading 🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢 https://t.co/Lsey6euqRP pic.twitter.com/g4cbWpfHAv
— Evan (@StockMKTNewz) April 24, 2026
Intel $INTC stock just hit new ALL TIME HIGHS for the first time since the 2000 Dot Com Bubble pic.twitter.com/RwAD9qtazp
— Evan (@StockMKTNewz) April 24, 2026
Semiconductor investors vs Software investors pic.twitter.com/K7mZKXFuep
— WOLF (@WOLF_Financial) April 24, 2026
Oil
Brent was near $104.78 and WTI was near $94.83 Friday, even after easing intraday. Goldman estimated Gulf crude output is down 14.5M barrels per day, or 57% from pre-war levels. P&G $PG just put a number on the pain, warning of a $1B after-tax fiscal 2027 profit hit from higher oil prices. A bounce is not a bottom when the margin pressure is this visible.
🇺🇸 VICE …Full story available on Benzinga.com