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Stifel called the quarter "a large, demand-led beat" but maintained a Hold rating, saying much of Intel's recovery is already reflected in the stock price.
Shares were gaining on Friday after Intel’s earnings report signaled demand for AI chips remains strong.
The chipmaker increased its investment plans after reporting stronger-than-expected quarterly results.
Strong demand prompts higher spending despite ongoing supply constraints
Investing.com -- The recent pullback in semiconductor stocks, driven by surging oil prices, rising bond yields and concerns over AI spending, represents a buying opportunity for the sector, Citi analysts say.
Data Center and AI revenue rose 59% to $6.3 billion as gross margin reached 42%
U.S. stock futures were mostly higher as corporate earnings reports continue to flow.
S&P 500 futures added 0.2% Friday morning after the index posted its worst single-day drop since late June
Intel's shares rose 6% in premarket trading on Friday after bullish forecasts signaled the AI boom was propelling the chipmaker's long-awaited turnaround. The company forecast third-quarter revenue above Wall Street expectations and raised this year's capital expenditure estimate to $20 billion from $18 billion. Intel's improving outlook reflects growing adoption of its data center central processing units (CPUs) by customers building infrastructure for artificial intelligence, as CEO Lip-Bu Tan works to position the company as a broader beneficiary of AI-driven semiconductor demand despite Nvidia's lead in accelerator chips.
Intel (NASDAQ:INTC) shares climbed more than 4% in premarket trading on Friday after the semiconductor company posted its fastest quarterly revenue growth in over 15 years and issued stronger guidance for the current quarter, highlighting continued momentum from artificial intelligence investment. The latest results exceeded Wall Street forecasts and reinforced investor confidence that Intel’s turnaround strategy is gaining traction under Chief Executive Lip-Bu Tan.
July 24 (Reuters) - U.S. stock index futures edged higher on Friday after a tech-led selloff in the previous session, as investors weighed fresh earnings, escalating Middle East tensions and a new
U. S. stock futures edged higher on Friday as investors balanced escalating geopolitical tensions in the Middle East against encouraging corporate earnings from the technology sector.
Intel Corp. (NASDAQ:INTC) stock gained in premarket trading on Friday after the chipmaker reported stronger-than-expected second-quarter results and issued third-quarter guidance above analyst estimates. Beats Estimates, Raises Outlook The chipmaker beat second-quarter expectations, with revenue rising 25% year over year to $16.13 billion, above the $14.42 billion estimate. Adjusted EPS of 42 cents doubled estimates of 21 cents, while Data Center and AI revenue jumped 59% and Intel Foundry reven
↗️ Intel (INTC): Shares climbed premarket after the chipmaker reported quarterly revenue well above analyst estimates after hours yesterday. ↗️ SAP SE (SAP): Shares in the German software company rose after it reported higher quarterly revenue from its cloud business.
Stocks stabilized on Friday but were on track for weekly losses as investors assessed a new set of global tariffs against a backdrop of AI jitters, rising oil prices, and elevated bond yields.
Intel Corp. (NASDAQ:INTC) is targeting a staggering $100 billion market for custom artificial intelligence silicon, leveraging its robust x86 computing franchise and advanced manufacturing network as global AI demand skyrockets. The Custom Silicon Push During Intel’s second-quarter 2026 earnings call, CEO Lip-Bu Tan outlined the company’s strategic expansion into purpose-built chips. Recognizing the growing necessity for specialized AI architecture, Tan highlighted Intel’s unique position to dom
Intel bumped its 2026 capex forecast by $2 billion and said it plans to tap capital markets for additional funds.
European equity indexes largely edged higher in early trade after sharp selling in the last session, and oil pared some recent gains.
By Stella Qiu SYDNEY, July 24 (Reuters) - Asian shares sank on Friday as a near 40% rise in oil prices this month due to the intensifying conflict in the Gulf revived inflation fears, rattling bond
Intel Corp (INTC) reports robust financial performance, driven by AI advancements and strategic partnerships, despite industry supply challenges.
Markets were primarily focused on earnings from major companies, alongside rising oil prices due to the continued tensions between the U.S. and Iran.