How Intel-Apple Chip Partnership Fueled a Tech Rally and Nasdaq's 1.9% Surge — Market Wrap Jun 20, 2026

7horns.ai Daily Briefing EN · Jun 20, 2026 · 3m

Today's AI insights from 7horns.ai highlight a tech-driven market surge with the Nasdaq Composite rising 1.91% and the S&P 500 gaining 1.08% on June 20, 2026. The catalyst was a preliminary domestic chip manufacturing partnership between Intel and Apple, igniting a semiconductor rally that lifted key stocks. Intel surged 10.64% on the news, while Apple gained 0.7% and Nvidia climbed 2.95%. Amazon also participated with a 2.9% increase. Meanwhile, energy markets reacted to a U.S.-Iran peace agreement reopening the Strait of Hormuz, pushing crude oil prices down 9% for the week and easing…