Meta, Intel & More: Big Tech Stocks Zoom Up To 9% As Iran Truce Secures GCC Compute Hubs
Sharp gains were clocked in major US technology stocks on Wednesday, which soared up to 9% after President Donald Trump Declared a two-week ceasefire in Iran. The rally was driven by reduced risks of attacks on US data centres and GCC compute hubs located in the gulf and middle east region. Shares of Intel Corp. rose as much as nearly 9% to $57.38, while Meta Platforms Inc. rose 5% in early trade to $602.80, Microsoft Corp. also rose 2% to trade at $379.55. Besides these, all of the magnificent seven traded in the green over 2% higher. Google parent Alphabet Inc. had surged 4.05% higher to $317.57, while aI-linked bellwether chipmaker Nvidia rose over 3% after the market opened to trade at $183.75. The stocks later pared gains but remained in the green territory. As of 11 a.m., EST, Intel’s stock pared gains to trade 6.5% higher at $56.34, Alphabet traded 3.7% higher at $316.91, Meta Platforms was up 3.3% at $593.97, and Nvidia traded 1.77% higher at $181.25, and Microsoft traded 1.6% higher at $378.44.










