Keep pulling the thread on Intel Skyrockets.
The Philadelphia Semiconductor Index (SOX) has risen for 18 consecutive days, increasing by approximately 50% over that period.
Despite the S&P 500 reaching a record high, market breadth was negative with only 177 stocks gaining versus 324 losing ground.
Intel was the top performing stock in both the S&P 500 and Nasdaq 100, soaring 23% following a blockbuster report.
Intel's single-day stock gain was its best performance since October 29, 1987.
The Philadelphia Semiconductor Index's (SOX) 18-day winning streak is the longest in the index's history.
Charter Communications was the worst-performing stock in the S&P 500, falling by more than 25% after reporting underwhelming quarterly results.
Charter Communications lost 117,000 residential customers, marking its largest-ever drop since 2009.
The S&P 500, Nasdaq, and Philadelphia Semiconductor Index were all on pace to close at record highs.
Intel's stock increased by more than 23% in a recent period.
Arm Holdings' stock price increased by almost 15% recently.
Qualcomm's stock price was up more than 11% in a recent period.
The S&P 500 has recorded its fourth consecutive week of gains and has risen every week in April.