Intel Corp
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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, […]
Read More
CNBC Daily Open: Triple whammy for Tesla
Tesla’s going through a bumpy ride. The electric vehicle company on Wednesday reported a second consecutive quarter of declining auto sales. In Europe, Tesla’s market share fell for the sixth straight month to 2.8% in June from 3.4% a year ago. The Trump administration’s plans to reportedly roll back the U.S.’ push for cleaner vehicles […]
Read More
CNBC Daily Open: Tesla’s bad things come in threes
A Tesla vehicle is parked outside of a dealership on July 24, 2025 in Austin, Texas. Brandon Bell | Getty Images Tesla’s going through a bumpy ride. The electric vehicle company on Wednesday reported a second consecutive quarter of declining auto sales. In Europe, Tesla’s market share fell for the sixth straight month to 2.8% […]
Read More
Stocks making the biggest moves after hours: Intel, Deckers, Boston Beer and more
Check out the companies making headlines in after-hours trading. Intel – Shares of the chipmaker inched up less than 1% in extended trading. That’s after the company’s second-quarter revenue of $12.86 billion topped the $11.92 billion that analysts surveyed by LSEG were expecting for the period. The company’s third-quarter revenue guidance also surpassed analyst estimates. […]
Read More
Intel beats on revenue, issues better-than-expected forecast
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 Intel reported second-quarter results on Thursday that beat Wall Street expectations on revenue, as the company’s new CEO Lip-Bu Tan announced significant cuts in chip factory construction. The stock […]
Read More
Chip giant ASML says it can’t confirm that it will grow in 2026
An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background. Nurphoto | Nurphoto | Getty Images ASML reported second-quarter earnings that beat estimates with the its key net bookings figure ahead of consensus. However, the chip equipment giant missed analyst expectations for revenue guidance in the current quarter […]
Read More