Semiconductor Stocks NVDA and INTC Rise Despite Fed Interest Rate Hike

Key Facts

1Nvidia and Intel stocks rose before Thursday's opening bell despite the Federal Reserve raising interest rates by 25 basis points.

2The Fed raised its target range to 3.75%–4.00%, with projections indicating further tightening ahead.

In a move reflecting the technology sector's resilience against rising borrowing costs, semiconductor stocks recorded gains before Thursday's opening bell. According to reports, shares of Nvidia and Intel rose despite the Federal Reserve's decision to raise the target range for interest rates to 3.75%–4.00%. This positive price action comes as the central bank signaled that further monetary tightening remains on the horizon.

Regarding sectoral performance, market data showed varying investor sentiment toward major chipmakers, with NVDA closing at $213.9 and INTC at $101.05 as of September 16, 2026. Per market data, peers such as AMD closed at $512.5, while TSM stood at $417.72 during the same period, highlighting a broader market defiance of the bearish case typically associated with the Fed's first rate hike in three years.

Looking ahead, traders are monitoring support levels for tech equities after NVDA hit a daily low of $212.5 and INTC touched $99.29 at the close of September 16, 2026. With no immediate semiconductor-specific catalysts in the upcoming calendar, focus remains on Federal Reserve communications to gauge the pace of future tightening and its long-term impact on growth stock valuations.