Intel Corp
Stocks making the biggest moves premarket: Microsoft, Intel, Shopify and more
Check out the companies making headlines before the bell. Microsoft — Shares were up about 2% after the tech giant increased its quarterly dividend by 10.7% to 83 cents per share. The new dividend is payable Dec. 12. The company also approved a new $60 billion share repurchase program. SolarEdge Technologies — Shares fell more than […]
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CNBC Daily Open: Tech might not be the biggest beneficiary of rate cuts
The sun rises behind the skyline of lower Manhattan and One World Trade Center on September 14, 2024, in Jersey City, New Jersey. Gary Hershorn | Corbis News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need […]
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Biden administration awards Intel up to $3 billion under the CHIPS Act
Intel CEO Pat Gelsinger delivers a speech at Taipei Nangang Exhibition Center during Computex 2024, in Taipei on June 4, 2024. I-Hwa Cheng | AFP | Getty Images The Biden administration on Monday awarded Intel up to an additional $3 billion under the CHIPS and Science Act for the “Secure Enclave” program, which is designed […]
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Intel stock jumps on plan to turn foundry business into subsidiary and allow for outside funding
Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty Images Intel shares jumped 8% in extended trading on Monday after the company said it plans to turn its foundry business into an independent unit […]
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Here are the stocks that win when the Fed cuts rates with no recession
As investors gear up for this week’s Federal Reserve meeting, CNBC Pro found stocks that have historically done well when rates are cut without a recessionary environment. Fed funds futures have fully priced in that the central bank will lower interest rates, according to CME’s FedWatch Tool . The question now is how big that […]
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Stocks making the biggest moves midday: Nuvalent, Alcoa, Sprouts Farmers Market, Apple and more
Check out the companies making headlines in midday trading: Nuvalent — Shares soared more than 22%, hitting an all-time high, after the biopharmaceutical company highlighted positive data on two experimental cancer treatments over the weekend. Nuvalent said the two drugs show “favorable tolerability.” Bausch + Lomb — The contact lens provider rallied 13.9% after the […]
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Stocks making the biggest moves before the bell: Apple, Intel, Alcoa, Micron Technology and more
Check out the companies making headlines in premarket trading. Trump Media & Technology — Shares rose more than 1%, extending the 11% gain from Friday. The stock jumped by as much as 25% in the previous session after Republican nominee and majority owner Donald Trump said he’s “not selling” his stake at a press conference […]
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Intel getting help from Commerce Secretary Raimondo as part of effort to spur U.S. production
Secretary of Commerce Gina Raimondo listens as President Joe Biden participates virtually in a meeting on the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act at the White House on July 25, 2022. Anna Moneymaker | Getty Images News | Getty Images Intel has been badly beaten down of late, losing 60% of […]
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Oracle trails only Nvidia among large-cap tech this year, as Ellison closes in on Bezos
Larry Ellison, co-founder, chairman and chief technology officer of Oracle, speaks during the Oracle OpenWorld conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Larry Ellison turned 80 last month. It’s been a celebratory year. While fellow legacy tech players Intel and Cisco struggle to find their footing […]
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This semiconductor ETF just had its worst week since 2020. Here’s what’s next
Chip stocks kicked off September with their worst stretch in over four years, as shares of artificial intelligence favorite Nvidia lost momentum and concerns over U.S. economic growth weighed on the market. The VanEck Semiconductor ETF (SMH) sank 11.7% in the Labor Day-shortened, four-day trading week. That was its worst week since a 15.2% drop […]
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