Intel reported first-quarter earnings of 29 cents per share, far exceeding the 1 cent expected by analysts, with revenue reaching $13.58 billion, beating estimates by over 9%. CEO Lip-Bu Tan highlighted the growing demand for Intel's CPUs and advanced packaging due to the next wave of AI technology. The company also provided a strong second-quarter outlook, expecting adjusted EPS of 20 cents and revenue between $13.8 billion and $14.8 billion, well above analyst forecasts. Following the report, Intel shares surged nearly 15% in after-hours trading, continuing a strong rally in April.
Mad Money host Jim Cramer declared Intel as his favorite stock, citing its strong position in the AI infrastructure boom and its role as the third-largest customer of semiconductor maker ASML. He believes Intel's CEO is steering the company to be a k...
Asian semiconductor stocks experienced a significant decline following a sell-off in US chipmakers, with SK Hynix shares dropping over 9% in Seoul after an earlier 8% rally. The sell-off reflects concerns over AI spending and profit-taking after a st...
Sanjeev Sharma forecasts the S&P 500 will finish 2026 slightly below its starting point due to weak consumer fundamentals like stagnant wage growth, high inflation, elevated gas prices, and rising interest rates. His disposable income-based model hig...
The Direxion Daily Technology Bull 3X ETF (TECL) is rated Buy due to easing inflation and a positive outlook for the Nasdaq-100, driven by growing AI infrastructure investments and increasing influence of smaller AI-related companies beyond the major...
Intel Foundry has begun high-volume manufacturing of select Intel Core Ultra Series 3 processors, known as Panther Lake, using ASML's High NA EUV lithography on the Intel 18A process node. This marks a key milestone in semiconductor manufacturing, de...
