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Nasdaq Tops 20K as INTC Soars Despite Meta & Tesla Stock Slump

Skerdian Meta•Tuesday, February 18, 2025•2 min read
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MARKETS TREND
BUY SP500

The S&P 500 printed a new high today, while Nasdaq closed above 20,000 despite the decline in Meta and Tesla stocks, as Intel stock surged.

Stock markets ended the day higher despite the retreat late in the day

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The broader U.S. stock market closed marginally higher, with gains led by the Russell 2000 and S&P 500, while the Dow and Nasdaq saw only modest increases. Tech stocks showed divergence, with Intel posting an impressive 16% surge, whereas Tesla, Apple, and Meta struggled. The semiconductor sector remains a key focal point, with NVIDIA showing relative strength, while Intel surged 16% higher on news of a possible break up among other prominent Tech companies. Tesla shares closed around 0.50% lower.

The INTC stock surged 16% today and around 40% since last Monday, as Taiwan Semiconductor Manufacturing Company (TSMC), the global leader in advanced chip production, is reportedly considering acquiring Intel’s manufacturing operations. Speculation suggests that TSMC, along with a consortium of private equity and technology firms, could take a majority stake in the company. At the same time, Broadcom and Qualcomm are also said to be exploring potential deals to acquire Intel’s chip design and production unit, signaling growing interest in reshaping the semiconductor landscape.

U.S. Markets End Higher Amid Mixed Performance in Tech Stocks

Major U.S. Indices Close Higher

  • S&P 500: Closed at 6,129.58, up +14.95 points (0.24%), maintaining a steady upward trajectory.
  • Dow Jones Industrial Average (DJIA): Finished at 44,556.34, gaining +10.26 points (0.023%), reflecting a muted trading session.
  • Nasdaq Composite: Ended at 20,041.26, up +14.49 points (0.072%), supported by strength in select tech stocks.
  • Russell 2000 Index: Closed at 2,290.35, rising +10.37 points (0.45%), outpacing larger indices as small-cap stocks showed resilience.

Tech Sector Highlights: Mixed Performance

  • Tesla Inc: Declined to $354.11, down −1.73 (0.49%), amid investor concerns over production forecasts and slowing EV demand.
  • Apple Inc: Slightly lower at $244.47, down −0.13 (0.053%), reflecting cautious trading ahead of earnings.
  • Meta Platforms Inc: Dropped to $716.37, losing −20.30 (2.76%), extending recent declines amid regulatory scrutiny and competition concerns.
  • NVIDIA Corp: Rose to $139.40, up +0.55 (0.40%), as demand for AI chips continues to drive investor interest.
  • Intel Corp: Surged to $27.39, gaining +3.79 (16.06%), on speculation surrounding potential acquisitions and increasing domestic chip production investments.
Early in  the day US indices were bullish, with the S&P 500 printing a new record high at 6,141 points, but faced selling pressure in the latter half of the US trading session. The index is now down 10 points at 6,104, having tested and briefly held the 6,100 level before pulling back in what appears to be a mild consolidation phase. Looking at the broader picture, the daily chart shows a period of consolidation just below the record high set in January, indicating that the market is pausing after its recent rally. From a fundamental standpoint, investors remain cautious as they await further developments from Trump and Congress, which could influence the next major move in equities.

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ABOUT THE AUTHOR See More
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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