Intel is soaring
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Intel, chip stocks
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There’s a debate on Wall Street about whether Intel’s financial prospects have materially changed.
Intel (INTC) stock is on a monumental run. On Friday, shares of the company climbed more than 25% following a blowout earnings report on Thursday. That, coupled with Intel’s gains over the last few months,
Intel reported a big first quarter of revenue led by fresh AI demand for its CPUs. The company also delivered a big forecast for the current quarter.
SAP shares jumped after the German business-software firm reported growth in its cloud business, alleviating fears about the impact of AI and geopolitical tensions on software sales. The report allowed ServiceNow to recoup some of its recent losses, but the American software firm is still down 38% for the year to date.
Elon Musk on Wednesday said that TeraFab plans to use Intel's 14A fabrication technology when it has its own production capacity later this decade and when th
Billionaire Elon Musk said Wednesday he plans to use Intel’s forthcoming 14A production technology to make chips in his “Terafab” project for artificial intelligence, self-driving cars and spaceflight.
Live Updates Google Bets 4 hours ago Google (NASDAQ: GOOGL) is deepening its bet on AI, committing another $10 billion to Anthropic at a $350 billion valuation. Bloomberg reports an additional $30 billion could follow if the target company clears a set of performance benchmarks.
By Zaheer Kachwala and Stephen Nellis April 22 (Reuters) - Tesla CEO Elon Musk said on Wednesday the EV maker plans to use Intel's next-generation 14A manufacturing process to make chips at its Terafab project,
Intel shares jumped 19% Thursday afternoon as the chipmaker reported sales far above its forecasts and predicted continued strong demand for its products. The stock briefly topped $80 a share, the highest point in Intel’s history,
The S&P 500 and Nasdaq composite were gaining late afternoon Friday, on course for fresh record peaks as technology stocks climbed. The S&P 500 was advancing 0.8% Friday to around 7,162, trading above its record closing peak notched on Wednesday.