Stock Market Today, Sept. 16: Intel Jumps on SK Hynix Memory-Chip Manufacturing Talks

Intel (NASDAQ:INTC) , leading producer of advanced semiconductor chips and processors, closed at $101.05, up 4.03%. Reports of talks with SK Hynix (NASDAQ:SKHY) to manufacture its chips domestically in the U.S. for the first time, along with analyst target hikes, drove the gain. That moved the stock, with investors watching foundry deals and AI demand. Trading volume reached 117.5 million shares, coming in nearly 7.4% above its three-month average of 109.5 million shares. How the markets moved today The S&P 500 (SNPINDEX:^GSPC) closed at 7,552, down 0.45%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) finished at 25,978, down 0.01%. Among semiconductors and semiconductor equipment peers, Advanced Micro Devices (NASDAQ:AMD) closed at $512.50, up 1.