AMD, Qualcomm Surge as Nasdaq Rebounds on Iran Peace Deal

Shares of Advanced Micro Devices (NASDAQ: AMD) and Qualcomm (NASDAQ: QCOM) surged in afternoon trading today, as the Nasdaq Composite rebounded 1.8%. The rally followed President Donald Trump's announcement of a peace deal with Iran, which eased geopolitical tensions and reduced the interest rate pressure that had weighed on the tech sector all week.

Possible Causes

• Iran Peace Deal: Trump announced a peace agreement with Iran, calming fears of a broader conflict.
• Easing Rate Pressure: The deal led to a decline in bond yields, supporting growth and tech stocks.
• Nasdaq Rebound: After a week of pressure, buyers returned to tech stocks.

Context

The tech sector had been under pressure all week due to rising bond yields and geopolitical concerns. The peace announcement restored investor confidence, triggering heavy buying in stocks like AMD and Qualcomm.

Similar Moves in the Sector

Gains were not limited to AMD and Qualcomm; other tech stocks such as NVIDIA and Intel also rose in the same session.