Post #16157

AI Is Making Huge Developments, and The Nasdaq Is Reflecting That. Nasdaq is, up ~1.33% today and sitting near all-time highs. The recovery from the March lows to fresh records was the fastest oversold-to-overbought swing since the early 1980s. Two catalysts are stacking. First, Trump's indefinite ceasefire extension on April 22 reignited risk appetite and sent tech to new highs. Second, Intel's Q1 earnings blew the doors off last night — $13.6B revenue vs $12.4B expected, EPS $0.29 vs $0.01. Stock up 25% today, dragging semis and the broader Nasdaq with it. Intel's data center unit grew 22% YoY as agentic workloads shift demand back toward CPUs. The risk is the ceasefire optimism gets pulled from under the market. Today's escalation headlines — mine-clearing orders, air defenses in Tehran — show how fragile the bid is. Though there's a possibility things continue to get better from here. (Hopefully) My only concern would be how far rally without some sort of stabilization. - Alan