Intel Corp

Stocks making the biggest moves midday: Roku, Amazon, First Solar, Intel, Apple & more
Finance

Stocks making the biggest moves midday: Roku, Amazon, First Solar, Intel, Apple & more

People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading Friday. Amazon — Shares of the e-commerce giant jumped more than […]

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Intel stock slumps 11% after poor earnings show softening demand for PCs
Technology

Intel stock slumps 11% after poor earnings show softening demand for PCs

Pat Gelsinger, CEO, of Intel Corporation, holds a semiconductor chip while testifying during the Senate Commerce, Science, and Transportation hearing titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Intel stock is down 11% on Friday, a day […]

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Stocks making the biggest moves in the premarket: Amazon, Roku, Intel, Chevron and more
Finance

Stocks making the biggest moves in the premarket: Amazon, Roku, Intel, Chevron and more

Take a look at some of the biggest movers in the premarket: Amazon.com (AMZN) – Amazon shares rallied 12.5% in premarket trading after it posted better-than-expected quarterly revenue and issued an upbeat outlook. Amazon logged an overall quarterly loss, owing largely to a $3.9 billion negative impact from its investment in electric vehicle maker Rivian […]

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Intel CFO says we’re ‘on the bottom’ after company misses earnings and stock sinks
Technology

Intel CFO says we’re ‘on the bottom’ after company misses earnings and stock sinks

Intel CEO Pat Gelsinger pictured during the ‘Chips for health’ event at the Grischa Hotel at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Eric Lalmand | Belga Mag | AFP | Getty Images Intel shares sank as much as 10% in extended trading on Thursday after the chipmaker reported second-quarter results […]

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Intel plans to make chips for Taiwan’s MediaTek to keep up with Asian manufacturing rivals
Technology

Intel plans to make chips for Taiwan’s MediaTek to keep up with Asian manufacturing rivals

Intel Foundry Services will manufacture multiple chips for MediaTek for a range of smart edge devices, the two companies said on Monday. Fabian Bimmer | Reuters Intel will manufacture semiconductors for Taiwan’s MediaTek, giving the U.S. company a big boost for its contract chipmaking business. MediaTek is one of the biggest suppliers of smartphone processers […]

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Earnings playbook: The investing game plan as Apple and Alphabet lead the busiest week of the season
Technology

Earnings playbook: The investing game plan as Apple and Alphabet lead the busiest week of the season

Brace yourselves. This upcoming week will be the busiest of the corporate earnings season, with more than 150 S & P 500 names set to report. Apple, Alphabet, Meta Platforms and McDonald’s are all among those on deck. The earnings season has been a mixed bag thus far. Roughly 21% of S & P 500 […]

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Raimondo warns of ‘deep and immediate recession’ if U.S. were to be cut off from Taiwan chip manufacturing
Technology

Raimondo warns of ‘deep and immediate recession’ if U.S. were to be cut off from Taiwan chip manufacturing

Commerce Secretary Gina Raimondo warned on Wednesday that the country’s current dependence on foreign computer chip fabrication puts it at risk of a recession if it’s ever cut off. Her comments come as Congress nears key votes on a bill to fund U.S. semiconductor manufacturing, While many computer chips are designed in the U.S. by […]

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Senate advances more than  billion bill to boost U.S. semiconductor production
Technology

Senate advances more than $50 billion bill to boost U.S. semiconductor production

Sefa Ozel | E+ | Getty Images The Senate voted to advance a slimmed-down version of its bill designed to boost U.S. semiconductor competition with China. The bill cleared a key procedural hurdle Tuesday evening in a 64-34 vote even as lawmakers worked to finish various sections of the legislation. The bill, which would provide about […]

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Global chip shortage is not over and the slowdown is ‘going to bite,’ IDC says
Technology

Global chip shortage is not over and the slowdown is ‘going to bite,’ IDC says

The global chip shortage will continue, and consumers will have to pay for it, an analyst from the International Data Corporation said. Sasirin Pamai | Istock | Getty Images The global chip shortage is not over yet, and the war in Ukraine continues to put a strain on supplies of important parts needed, one analyst […]

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Stocks making the biggest moves midday: IBM, Boeing, Hasbro, Ford & more
Business

Stocks making the biggest moves midday: IBM, Boeing, Hasbro, Ford & more

IBM CEO Arvind Krishna appears at a panel session at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Hollie Adams | Bloomberg | Getty Images Check out the companies making headlines in midday trading Tuesday. IBM – Shares of IBM slipped 5.25% after the tech company warned of a potential $3.5 billion […]

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