Intel, Texas Instruments Shares Jump as Trump Announces Iran Peace Deal

Shares of Intel (INTC) and Texas Instruments (TXN) surged during Tuesday's session after President Donald Trump announced a peace deal with Iran, releasing the rate pressure that had weighed on the tech sector all week. The Nasdaq rebounded, up 1.8%.

Possible Reasons

The surge is primarily attributed to Trump's Iran peace deal announcement, which removed geopolitical uncertainty that had pushed bond yields higher. As yields retreated, investors rotated back into tech stocks that are sensitive to interest rate changes.

Context

Prior to the announcement, tech stocks had been under pressure all week due to fears of persistently high interest rates. The peace deal unexpectedly alleviated those fears, triggering a buying spree in the tech sector.

Similar Moves in the Sector

Gains were not limited to Intel and Texas Instruments; many other tech stocks that had posted losses earlier in the week also rallied. This suggests the move was sector-wide and driven by a macroeconomic catalyst.