Intel Corp
Stocks making the biggest moves premarket: Exxon Mobil, Intel, Apple, Snap, Amazon and more
Check out the companies making headlines before the bell. Exxon Mobil — The energy giant reported a stronger-than-expected profit for the second quarter amid record production in Guyana and the Permian Basin. Earnings per share came in at $2.14, beating an LSEG forecast of $2.01 per share. Shares were up slightly in the premarket. Intel […]
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Intel’s 22% share plunge drags down global chip stocks from TSMC to Samsung
Pat Gelsinger, chief executive officer of Intel Corp., speaks during the Computex conference in Taipei, Taiwan, on Monday, June 4, 2024. Gelsinger took the stage at the Computex show in Taiwan to talk about new products he expects will help turn back the tide of share losses to peers, including AI leader Nvidia Corp. Photographer: Annabelle Chih/Bloomberg […]
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Daily Open: U.S. stocks fall; 10-year Treasury yield drops below 4%; Apple beats Street while Amazon falters
A trader works during the closing bell at the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Johannes Eisele | Afp | 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 […]
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Stocks making the biggest moves after hours: Apple, Amazon, Intel, Snap and more
Customers are trying on and learning about Apple Vision Pro headsets at an Apple store in Shanghai, China, on July 22, 2024. Costfoto | Nurphoto | Getty Images Check out the companies making headlines in extended trading: Intel — The chip stock sank 17%. Intel said it would suspend its dividend in the fiscal fourth […]
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Intel to cut 15% of headcount, reports quarterly guidance miss
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 slid 12% in extended trading on Thursday after the chipmaker said Thursday it would lay off over 15% of its employees as […]
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S&P 500 futures rise after Meta posts quarterly beat: Live updates
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures rose in overnight trading Wednesday as investors weighed the latest corporate earnings reports, including strong results from Meta Platforms. S&P 500 futures gained 0.4%, while Nasdaq-100 futures jumped 0.7%. Futures tied to the Dow Jones Industrial Average added 30 points, or […]
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Stocks making the biggest moves premarket: Pinterest, Match Group, Advanced Micro Devices and more
Check out the companies making headlines before the bell: DuPont — Shares popped 5% on the back of better-than-expected results in the second quarter. The chemical maker earned 97 cents per share, excluding certain items, on revenue of $3.17 billion. Analysts expected a profit of 85 cents per share on revenue of $3.05 billion, according […]
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Temu and Shein’s soaring popularity has Wall Street eyeing China’s influence on tech earnings
In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC. Stefani Reynolds | Afp | Getty Images Temu and Shein have exploded in the U.S. by going on an online marketing blitz and offering consumers inexpensive goods […]
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U.S. Secretary of Commerce talks domestic chip production: ‘There’s no place to be reckless here or play politics’
In a Thursday interview with CNBC’s Jim Cramer, U.S. Secretary of Commerce Gina Raimondo stressed the importance of domestic chip production and said the country is on track to meet its end-of-decade goal. “My boss, President Biden, has been crystal clear on this topic, and I think there’s no place to be reckless here or […]
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After a volatile week for tech stocks, here are the top analyst calls on Nvidia, Netflix and more
Tech stocks continued to sell off this week, as investors dumped more megacap tech names on Thursday. The tech-heavy Nasdaq Composite lost 0.7% Thursday after suffering its worst session since 2022 the day before. Chip stocks drove much of the volatility, moving lower Wednesday on reports of tougher export restrictions from the U.S. Investor-favorites Nvidia and U.S.-listed […]
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