Intel reported first-quarter earnings that surpassed Wall Street expectations, with revenue rising 7.2% to $13.58 billion and adjusted earnings per share at 29 cents versus 1 cent expected. This marks a potential turnaround for Intel, which has struggled to keep pace with rivals in the AI chip market. The company's data center business saw strong growth, with revenue up 22% to $5.1 billion, driven by increased demand for CPUs in AI workloads. Intel also narrowed its net loss significantly and expects second-quarter revenue and earnings to exceed analyst forecasts, signaling improving momentum.
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...
The Direxion Daily Semiconductor Bull 3X Shares (SOXL) surged nearly 293% year-to-date but recently fell about 30% in the last month, including a sharp 16% drop in one day. SOXL uses leverage to triple daily semiconductor index returns, but this also...
