Strong Momentum in Global Tech Markets

US stock markets touched record highs on Friday as chipmakers gained strong momentum. Reports stated that Apple and Intel have reached a deal under which Intel will supply chips to Apple. This development boosted investor confidence in the technology sector.

Tech momentum is expected to continue as UAE-based AI chipmaker Cerebras prepares for a major public listing, potentially the biggest IPO of 2026 so far. Meanwhile, top tech leaders including Nvidia CEO Jensen Huang and Apple CEO Tim Cook are set to join the US delegation to Beijing for high-level talks involving trade, AI advancements, and geopolitical issues. Additionally, the ongoing legal battle between Elon Musk and OpenAI is set to resume, revealing more details about the company’s internal operations and leadership dynamics.