Intel Corp
Sequoia’s Moritz backs Intel CEO Lip-Bu Tan after Trump’s ‘artless bullying’
Michael Moritz, Sequoia Capital Scott Mlyn | CNBC Renowned venture capitalist Mike Moritz called on Intel to stand by CEO Lip-Bu Tan after President Donald Trump demanded his resignation last week. “Trump’s assault has no modern precedent,” Moritz wrote, calling the attack a “vindictive political sideshow.” Moritz, who spent decades at Sequoia Capital and has […]
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Stocks making the biggest moves premarket: Paramount Skydance, Nvidia, C3.ai, Intel and more
Check out the companies making headlines before the bell. Paramount Skydance , TKO Group — Shares of Paramount Skydance gained 4% after the media company acquired the U.S. rights to TKO Group’s UFC for seven years, beginning in 2026, according to a statement from the companies. TKO shares added roughly 2%. C3.ai — The AI software company […]
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Intel CEO responds to ‘misinformation’ and Trump threat in letter to employees
Lip-Bu Tan, CEO of Intel, appears at an event organized by the company. Andrej Sokolow | Picture Alliance | Getty Images Intel CEO Lip-Bu Tan addressed “misinformation” about his previous roles after President Donald Trump called for his resignation and raised ethical concerns. ” I want to be absolutely clear: Over 40+ years in the industry, […]
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Stocks making the biggest moves premarket: Eli Lilly, Peloton, Intel, Duolingo and more
Check out the companies making headlines before the bell. Eli Lilly — The pharmaceutical stock dropped more than 7% despite posting a second-quarter earnings and revenue beat . The company also raised guidance for both its full-year earnings and revenue. Meantime, Eli Lilly reported that the highest dose of an experimental daily pill helped patients […]
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Intel shares drop after Trump calls for CEO to resign immediately
Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Laure Andrillon | Reuters Intel shares were under pressure Thursday after President Donald Trump called for the chipmaker’s CEO to resign immediately. In a Truth Social post, Trump said Intel Chief Executive Lip-Bu Tan “is […]
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AMD reports weaker-than-expected earnings even as revenue tops estimates
Lisa Su, CEO of Advanced Micro Devices, and Sam Altman, CEO of OpenAI, testifiy during the Senate Commerce, Science and Transportation Committee hearing titled “Winning the AI Race: Strengthening U.S. Capabilities in Computing and Innovation,” in Hart building on Thursday, May 8, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty Images Advanced Micro Devices […]
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Intel’s credit rating downgraded by Fitch on demand challenges
The Intel logo is displayed on a sign in front of Intel headquarters on July 16, 2025 in Santa Clara, California. Justin Sullivan | Getty Images Fitch downgrading U.S. chipmaker Intel’s credit rating by one notch Monday, according to a note by the ratings agency, which assigned a negative outlook to Intel’s rating. Fitch downgraded Intel to BBB from BBB-plus, placing it just two notches shy […]
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Intel drops 9% as chipmaker’s foundry business axes projects, struggles to find customers
Lip-Bu Tan, Chief Executive Officer of Intel, appears at an event organized by the company. Andrej Sokolow | Picture Alliance | Getty Images Intel‘s stock dropped 9% after the chipmaker said it would slash foundry costs in its latest attempt to turnaround its struggling business. Concerns about where that leaves Intel’s chip manufacturing business overshadowed […]
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Stocks making the biggest moves midday: Tesla, Intel, Deckers, Charter Communications and more
Check out the companies making headlines in midday trading: Tesla – The electric vehicle maker’s stock jumped more than 4% after Business Insider reported that Tesla’s robotaxi service will debut in San Francisco as soon as this weekend. Even with the move, Tesla shares are down nearly 3% week to date. Charter Communications — The […]
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Stocks making the biggest moves premarket: Intel, Centene, Deckers, Paramount and more
Check out the companies making headlines before the bell: Intel — Shares of the chipmaker dropped more than 7% after Intel said it will cut 15% of its workforce and slashed plans for chip factory construction in an attempt to revitalize its artificial intelligence strategy. Intel topped second-quarter revenue results, posting $12.86 billion in revenue, […]
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