And Advanced Micro Devices, Inc. (NASDAQ: AMD ) gained 7.3% on reports the company is teaming with Intel Corporation (NASDAQ: INTC ) to produce a gaming laptop to compete with Nvidia Corporation (NASDAQ: NVDA ). Apple Inc. Is the Key to the Broadcom/Qualcomm, Inc. Deal Never mind that higher energy prices are likely to uncap inflation, and thus result in more aggressive policy tightening from the Federal Reserve. For now, higher energy prices are driving expectations of increase energy-sector earnings, pushing up the VanEck Oil Services ETF (NYSEARCA: OIH ) out of a multi-month consolidation.