INTC, CHTR, CMCSA: Intel Surges 25% as Nasdaq 100 Sees Divergent Tech and Telecom Moves

Intel Surges 25% as Nasdaq 100 Sees Divergent Tech and Telecom Moves

Apr 24, 2026 15:13 UTC

INTC, CHTR, CMCSA, ARM

Immediate term

Intel (INTC) dominated the Nasdaq 100's performance on Friday morning, with shares climbing 25.1% in early trading. This surge further extends a dominant year for the chipmaker, which has now registered a year-to-date gain of 126.3%. The rally in Intel was mirrored by other semiconductor players, notably Arm Holdings, which saw its shares rise 12.2%. This suggests a strong bullish sentiment within the chip sector during the current session. Conversely, the communications sector faced headwinds. Charter Communications (CHTR) was the worst performer among the index components, dropping 11.0% on the day. Despite this sharp decline, Charter remains positive for the year, holding a 3.0% year-to-date gain. Comcast also trended lower, with shares trading down 4.2%, indicating a broader sell-off in cable and connectivity providers. The divergence between the semiconductor rally and the telecom slump underscores a rotation or specific sector-based volatility within the tech-heavy index. Traders are closely monitoring these swings as the market digests current trends.

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Intel Surges 25% as Nasdaq 100 Sees Divergent Tech and Telecom Moves

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