Reuters reported that the Nasdaq and the S&P 500 indexes fell and added that the decline in shares of Intel and other chipmaking companies occurred as investors found it less likely that a deal would be reached to reopen the Strait of Hormuz.

The news agency added that Intel shares fell 4.1%. The company said it intends to raise $15 billion through a stock offering.

Nvidia shares also fell 2.9%. A source familiar with the matter told Reuters that a group of financial companies, including Apollo Global and Blackstone, is working with Nvidia to provide a $500 billion financing package for developing artificial intelligence infrastructure.

According to the report, with investors’ optimism declining about resolving the Middle East crisis, the price of U.S. crude oil rose by about 5% and ended trading at $82.13 per barrel.

Reuters noted that reopening the oil-transfer route through the Strait of Hormuz could reduce concerns about higher energy prices—concerns that have led to heightened worries about inflation and the possibility of interest-rate increases by central banks.