Nvidia closed at its highest level since October last year, while Intel's earnings boosted the semiconductor sector.

ME AI News, June 16 (UTC+8) – A tech rally driven by strong Intel earnings helped Nvidia achieve its first closing record since October 29th of last year. The chipmaker closed up 4.3% at $208.26, after Intel's quarterly results boosted the entire semiconductor sector. Nvidia's strong performance on Friday marks the tech giant's recovery from months of market turmoil, when the stock fell as much as 5.5% in a single day. Following Intel's better-than-expected earnings report on Wednesday, the chip sector generally rose on Thursday, with Nvidia extending its gains and hitting a new closing high. Analysts noted the market sentiment shift following Intel's strong report, which highlighted recovery potential in the semiconductor industry. The significant price movement reflects growing investor confidence in tech sector performance. I need to ensure the accuracy and completeness of the news while meeting word count requirements. Let me rewrite the news content to make it more precise and professional. The focus is on highlighting the key information that Nvidia's stock price hit a new high since October 29th of last year and briefly explaining the market significance of this milestone. Nvidia's stock closed up 4.3% at $208.26, a new record high. Intel's strong earnings boosted the entire semiconductor sector, helping the chipmaker recover from recent market turmoil. Analysts noted this marks a shift in investor sentiment in the tech sector. Despite challenges facing the chip industry, Nvidia has demonstrated strong resilience and market potential. Investors are closely watching the company's quarterly performance and future prospects. The tech rebound, driven by Intel's strong results, helped Nvidia achieve its first closing record since October 29th of last year. The chipmaker closed up 4.3% at $208.26, after Intel's quarterly results boosted the entire semiconductor sector. Nvidia's strong performance on Friday marks the tech giant's recovery from months of market turmoil, when the stock fell as much as 5.5% in a single day. Following Intel's better-than-expected earnings report on Wednesday, the chip sector generally rose on Thursday, with Nvidia extending its gains and setting a new closing high.