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Intel Corporation

Intel Corporation

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263 stories mentioning Intel CorporationUpdated 4h ago

BofA upgraded Intel to Buy from Underperform and raised its target to $135, citing agentic-AI-driven demand for x86 CPUs.

International

Technology, Consumer Discretionary Push S&P 500, Nasdaq to Record Highs

US equity indexes rose midday Friday as technology and consumer discretionary helped lift the S&P 500 and Nasdaq Composite to record highs, and crude oil futures slumped.The Nasdaq Composite jumped 1.1% to 25,172.8, with the S&P 500 up 0.6% to 7,250.9. The Dow Jones Industrial Average leaned slightly higher to 49,659.2.In company news, Apple (AAPL) jumped 4%, the Dow's top gainer, after the iPhone manufacturer overnight reported a year-over-year surge in fiscal Q2 earnings and revenue. Apple's board also raised its quarterly dividend and approved a share buyback program of up to $100 billion.Apple remains well-positioned for continued growth through 2026 following a "strong" fiscal Q2, driven by a 22% rise in iPhone revenue, a 28% rebound in China sales, and gross margins of more than 49%, BofA Securities said in a note.Oracle (ORCL), Intel (INTC), and Apple led midday outperformers among companies with a market capitalization of more than $200 billion, according to data compiled by Finviz. In the top 10 gainers from this category, half were either software or semiconductor companies.Meanwhile, the energy sector was the standout decliner in midday trading after Iran offered a revised peace plan, with Chevron (CVX) among the worst performers.Tehran delivered a new proposal to the US while President Donald Trump vowed to maintain a naval blockade, Bloomberg reported Friday. Tehran relayed its latest position to Washington via Pakistan, which mediated a first round of direct negotiations last month, the report said, citing Iran's state-run Islamic Republic News Agency.West Texas Intermediate crude oil futures dropped 3.4% to $101.69, and Brent crude futures fell 2.1% to $108.28.In precious metals, gold futures edged up 0.4% to $4,646.1, and silver futures jumped 3.3% to $76.41.Most US Treasury yields leaned lower, with the 10-year down 1.4 basis points to 4.38%.In economic news, the Atlanta Federal Reserve's Q2 gross domestic product Nowcast came in at 3.5%, down from 3.7% previously estimated.The Institute for Supply Management's US manufacturing index was unchanged in April at 52.7, below the 53.2 reading expected in a Bloomberg survey. The S&P Global US manufacturing index for April was revised upward to 54.5 from the flash 54.0, compared with expectations for no revision in a Bloomberg-compiled survey.

Dow JonesNasdaq CompositeS&P 500$AAPL$CVX$INTC$ORCL
Wire

Advanced Micro Devices Seen Posting Q1 Beat, But Upside Limited by Supply Constraints, RBC Says

Advanced Micro Devices (AMD) is expected to post a beat in its Q1 results, though upside may be limited by tight wafer supply and relatively lower central processing unit exposure compared with Intel (INTC), RBC Capital Markets said in a note emailed Friday.AMD is scheduled to report its Q1 results after the market closes on May 5.The brokerage also expects Q2 revenue and EPS guidance to come in above expectations by the same magnitude of 4% to 6% beat estimated for Q1.RBC said demand for CPUs remains strong, with average selling prices driving growth, though "wafer supply tightness is a limiting factor as AMD's lead times appear to have extended beyond 4-6 weeks."RBC maintained a sector perform rating and raised its price target to $325 from $230, citing recent peer multiple expansion.Price: $357.50, Change: $+3.01, Percent Change: +0.85%

$AMD$INTC
Wire

Market Chatter: Intel CEO Lip-Bu Tan Joins PsiQuantum Board of Directors

Intel (INTC) Chief Executive Lip-Bu Tan is joining the board of directors for quantum computing company PsiQuantum, Semafor reported Thursday, citing a statement from Tan.Intel didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $93.41, Change: $-1.34, Percent Change: -1.41%

$INTC
Wire

Intel CEO Lip-Bu Tan Joins PsiQuantum Board, Semafor Reports

Intel CEO Lip-Bu Tan Joins PsiQuantum Board, Semafor Reports

$INTC
US Markets

Nasdaq, S&P 500 Retreat From Record Highs as Tech Stocks Fall

The Nasdaq Composite and the S&P 500 retreated from record highs as technology stocks fell following a report flagging potential trouble at artificial intelligence leader OpenAI.The Nasdaq fell 0.9% to 24,663.8, while the S&P 500 shed 0.5% to 7,138.8. The Dow Jones Industrial Average edged down 0.1% to 49,141.9. Six of the 11 sectors were in the green, led by energy, while technology saw the steepest decline.Tech bellwether Nvidia (NVDA) lost 1.6%, the second-worst performer on the Dow. Broadcom (AVGO), Advanced Micro Devices (AMD), Oracle (ORCL), and Intel (INTC) also declined.OpenAI recently missed its own targets for new users and revenue, The Wall Street Journal reported. Chief Financial Officer Sarah Friar told other companies that OpenAI may not be able to pay for computing contracts if revenue growth doesn't accelerate, The Journal reported.Wedbush Securities dismissed such concerns."Overall, we believe OpenAI has been tracking very high demand on both the consumer and enterprise front and we strongly disagree with the notion that growth is weakening," Wedbush analyst Dan Ives wrote in a client note Tuesday. "We believe that recent concerns around OpenAI are overblown with the company having enough capital to fulfill its compute capacity needs over at least the next three years following the company's recent $122 billion funding round."In other company news, Coca-Cola (KO) lifted its full-year earnings growth outlook on Tuesday as the beverages giant posted fiscal first-quarter results above market expectations amid pricing and volume gains. The stock advanced 3.9%, the best performer on the Dow.Spotify Technology (SPOT) shares tumbled 12% after the audio-streaming platform's premium subscriber growth and outlook disappointed investors.West Texas Intermediate crude was up 3.7% at $99.89 per barrel in Tuesday late-afternoon trade, while Brent crude climbed 2.7% to $111.16.US President Donald Trump and national security officials are skeptical of Iran's new offer to open the Strait of Hormuz and delay talks on uranium enrichment, The Journal reported, citing American officials.Mediators in Pakistan expect a revised proposal from Iran in the next few days to end the war, CNN reported, citing sources close to the mediation process.Elsewhere in the world, the United Arab Emirates has decided to leave the Organization of the Petroleum Exporting Countries on Friday, in a move that Rystad Energy said makes the cartel "structurally weaker."The UAE is one of the few OPEC members, including Saudi Arabia, that have spare capacity, Rystad said in a note. OPEC uses a production quota system to stabilize global oil markets."Its departure therefore removes one of the core pillars underpinning OPEC's ability to manage the market," Rystad Head of Geopolitical Analysis Jorge Leon wrote.The Federal Reserve's monetary policy committee kicked off its two-day meeting on interest rates, with a decision due Wednesday. Markets widely expect the central bank to keep its benchmark lending rate unchanged for a third consecutive meeting. Fed Chairman Jerome Powell will hold a post-meeting press conference at 2:30 pm ET tomorrow."Investors will be listening closely for an updated assessment of economic conditions, particularly inflation, in the wake of the ongoing conflict overseas," Stifel Chief Economist Lindsey Piegza said in a report e-mailed to."A rising level of concern could signal a willingness to hold rates steady for a prolonged period of time or even open up the possibility of a rate hike, while any mention of a temporary or expected 'transitory' impact will likely bolster expectations for a potential return to rate cuts," Piegza said.In economic news, US consumer confidence rose in April amid an improvement in labor market perceptions, though there were concerns about elevated gasoline prices driven by the Middle East conflict, according to a survey by the Conference Board.US Treasury yields were higher, with the 10-year rate up 1.1 basis points at 4.36% and the two-year rate rising 4.5 basis points to 3.85%.Gold was down 1.8% at $4,609 per troy ounce, while silver lost 2.6% to $73.10 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$AVGO$INTC$KO$NVDA$ORCL$SPOT
Sectors

Sector Update: Tech Stocks Fall Late Afternoon

Tech stocks fell late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) dropping 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) slumping 4.4%.The Philadelphia Semiconductor index shed 3.3%.In corporate news, OpenAI recently missed its own targets for new users and revenue, the Wall Street Journal reported late Monday, citing people familiar with the matter. Tech bellwether Nvidia (NVDA) fell 1.2%, Broadcom (AVGO) dropped 4.2%, Advanced Micro Devices (AMD) shed 3.1%, Oracle (ORCL) lost 3.6%, and Intel (INTC) declined 1.4%.Lam Research (LRCX), Applied Materials (AMAT) and KLA (KLAC) were among the chip equipment companies believed to have received a letter last week from the US Department of Commerce ordering them to halt certain tool shipments to China's second-largest chipmaker Hua Hong, Reuters reported. Lam declined 3%, Applied Materials dropped 5.1%, and KLA shed 4.1%.Amazon.com (AMZN) plans to make OpenAI's artificial intelligence models available to its customers after Microsoft (MSFT) relinquished its exclusive rights to resell the ChatGPT maker's products, Bloomberg reported Tuesday, citing Amazon Web Services CEO Matt Garman in a Bloomberg Television interview. Amazon shares were down 0.6%, and Microsoft rose 0.6%.Spotify Technology (SPOT) reported stronger-than-expected Q1 profit, but its premium subscriber growth and outlook disappointed investors. The stock fell 12%.

$AMAT$AMD$AMZN$AVGO$INTC$KLAC$LRCX$MSFT$NVDA$ORCL$SPOT
Sectors

Sector Update: Tech Stocks Fall Tuesday Afternoon

Tech stocks fell Tuesday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) dropping 1.8% and the State Street SPDR S&P Semiconductor ETF (XSD) slumping 4.5%.The Philadelphia Semiconductor index shed 3.7%.In corporate news, OpenAI recently missed its own targets for new users and revenue, the Wall Street Journal reported late Monday, citing people familiar with the matter. Tech bellwether Nvidia (NVDA) fell 2.2%, Broadcom (AVGO) dropped 4.7%, Advanced Micro Devices (AMD) shed 2.7%, Oracle (ORCL) lost 3.8%, and Intel (INTC) declined 1.7%.Lam Research (LRCX), Applied Materials (AMAT) and KLA (KLAC) were among the chip equipment companies believed to have received a letter last week from the US Department of Commerce ordering them to halt certain tool shipments to China's second-largest chipmaker Hua Hong, Reuters reported. Lam declined 3.5%, Applied Materials dropped 5.5%, and KLA shed 3.5%.Spotify Technology (SPOT) reported stronger-than-expected Q1 profit, but its premium subscriber growth and outlook disappointed investors. The stock fell 13%.

$AMAT$AMD$AVGO$INTC$KLAC$LRCX$NVDA$ORCL$SPOT
US Markets

Equities Mostly Lower Intraday as OpenAI Report Sparks Tech Sell-Off

US benchmark equity indexes were mostly lower intraday, with technology stocks under pressure following a report that OpenAI missed its sales target, while oil prices rose.The Nasdaq Composite was down 1.3% at 24,575.3 after midday Tuesday, while the S&P 500 shed 0.7% to 7,127. The Dow Jones Industrial Average rose 0.2% to 49,268.9. Among sectors, technology saw the steepest decline, shedding 1.9%, while energy paced the gainers.Tech bellwether Nvidia (NVDA) was down 3% intraday, the worst performer on the Dow. Broadcom (AVGO), Advanced Micro Devices (AMD), Oracle (ORCL), and Intel (INTC) also declined. Microsoft (MSFT), however, was up 0.7%.OpenAI recently missed its own targets for new users and revenue, The Wall Street Journal reported, citing unnamed sources."The WSJ in part frames this story as a concern for datacenter spend, with OpenAI having over invested while sales are slowing," Wedbush Securities analyst Matt Bryson said in a note e-mailed to. "We believe infrastructure demand remains robust, driven in large part by (artificial intelligence) usage growth, creating a broad based demand driver for semiconductor and component vendors."In other company news, Coca-Cola (KO) lifted its full-year earnings growth outlook on Tuesday as the beverages giant posted fiscal first-quarter results above market expectations amid pricing and volume gains. The stock was up 6.3% intraday, the best performer on the Dow and the second-biggest gainer on the S&P 500.Spotify Technology (SPOT) shares were down 13% after the audio-streaming platform's premium subscriber growth and outlook disappointed investors.West Texas Intermediate crude was up 3.6% at $99.84 per barrel, while Brent crude climbed 2.8% to $111.34.US President Donald Trump and national security officials are skeptical of Iran's new offer to open the Strait of Hormuz and delay talks on uranium enrichment, The Journal reported, citing American officials.Elsewhere in the world, the United Arab Emirates has decided to leave the Organization of the Petroleum Exporting Countries on Friday, in a move that Rystad Energy said makes the cartel "structurally weaker."The UAE is one of the few OPEC members, including Saudi Arabia, that have spare capacity, Rystad said in a note. OPEC uses a production quota system to stabilize global oil markets."Its departure therefore removes one of the core pillars underpinning OPEC's ability to manage the market," Rystad Head of Geopolitical Analysis Jorge Leon wrote.The Fed's monetary policy committee kicked off its two-day meeting on interest rates, with a decision due Wednesday. Markets widely expect the central bank to keep its benchmark lending rate unchanged for a third consecutive meeting, according to the CME FedWatch tool.US Treasury yields were higher intraday, with the 10-year rate up 1.8 basis points at 4.36% and the two-year rate rising 4.1 basis points to 3.84%.Gold was down 2.1% at $4,593.10 per troy ounce, while silver lost 2.8% to $72.95 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$AVGO$INTC$KO$MSFT$NVDA$ORCL$SPOT
Sectors

Sector Update: Tech Stocks Lower Pre-Bell Tuesday

Technology stocks were lower pre-bell Tuesday, with the State Street Technology Select Sector SPDR ETF (XLK) retreating by 2.4% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 4.2%.Microsoft (MSFT) stock was down 1% premarket after Raymond James and BMO Capital cut their price targets for the company. The Wall Street Journal reported that Microsoft-backed OpenAI recently missed its own targets for new users and revenue.Intel (INTC) shares were down more than 3% before the bell. Bloomberg reported the company has launched an investment-grade bond sale to help finance its $14.2 billion plan to regain full ownership of its Irish chip manufacturing facility.ON Semiconductor (ON) shares were down more than 2% in premarket activity. The company said it has expanded its strategic collaboration with Geely to accelerate development of next-generation electric and hybrid vehicles, with a focus on high-voltage 900V architectures.

$INTC$MSFT$ON$XLK$XSD
Commodities

Exchange-Traded Funds Lower, Equity Futures Mixed Pre-Bell Tuesday Amid Higher Oil Prices, Earnings Deluge

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.7% and the actively traded Invesco QQQ Trust (QQQ) was 1.4% lower in Tuesday's premarket activity amid higher oil prices and a deluge of corporate earnings reports.US stock futures were mixed, with S&P 500 Index futures down 0.7%, Dow Jones Industrial Average futures gaining 0.2%, and Nasdaq futures retreating 1.2% before the start of regular trading.The Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index, both for February, will be released at 9 am ET.April's consumer confidence report and Richmond Fed manufacturing index will be released at 10 am ET.In premarket activity, bitcoin was down by 0.7%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1% lower, Ether ETF (EETH) retreated by 0.7%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined by 0.01%.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated by 0.5%, while the Vanguard Industrials Index Fund (VIS) was flat and the iShares US Industrials ETF (IYJ) was 0.01% lower.Allegion (ALLE) stock was down more than 4% before the opening bell after the company reported lower Q1 adjusted earnings.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 2.3%, and the iShares US Technology ETF (IYW) was 2% lower, while the iShares Expanded Tech Sector ETF (IGM) was down 2.2%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) declined by 4.2%, while the iShares Semiconductor ETF (SOXX) fell by 4%.Intel (INTC) shares were up more than 1% in Tuesday's premarket activity after gaining 2.9% at the previous close. Bloomberg reported Monday, citing a person familiar with the matter, that the company has launched an investment-grade bond sale to help finance its $14.20 billion plan to regain full ownership of its Irish chip manufacturing facility.EnergyThe iShares US Energy ETF (IYE) was up 1.4%, while the State Street Energy Select Sector SPDR ETF (XLE) rose by 1.7%.BP (BP) stock was up more than 3% before Tuesday's opening bell after the company reported higher Q1 underlying replacement cost profit and sales.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.3%, and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was down 0.3%. The iShares US Consumer Staples ETF (IYK) advanced 0.8%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.4%. The VanEck Retail ETF (RTH) was 0.2% lower, while the State Street SPDR S&P Retail ETF (XRT) declined by 0.2%.Coca-Cola (KO) shares were up more than 2% pre-bell after the company reported higher Q1 adjusted earnings and revenue.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.4%, the Vanguard Health Care Index Fund (VHT) was up 0.5%, while the iShares US Healthcare ETF (IYH) was flat. The iShares Biotechnology ETF (IBB) retreated by 0.1%.Zimmer Biomet (ZBH) stock was down more than 2% premarket after closing the prior session with a 1.5% gain. The company reported higher Q1 financial results and said its chief financial officer, Suketu Upadhyay, is leaving the company.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1.1%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.4% lower.Barclays (BCS) shares were down more than 2% pre-bell. Bloomberg reported the company has reserved 228 million British pounds ($307.9 million) in Q1 to cover the collapse of specialty lender MFS.CommoditiesFront-month US West Texas Intermediate crude oil rose by 5.1% to $101.28 per barrel on the New York Mercantile Exchange. Natural gas retreated by 0.7% to $2.53 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 4.7%, while the United States Natural Gas Fund (UNG) was 0.4% lower.Gold futures for May were down by 2.6% at $4,573.30 an ounce on the Comex. Silver futures retreated by 3.9% to $72.60 an ounce. SPDR Gold Shares (GLD) was 2.3% lower, and the iShares Silver Trust (SLV) fell by 3.9%.

Dow JonesNasdaq CompositeS&P 500$ALLE$BCS$BETH$BITO$BP$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$INTC$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$KO$PMR$QQQ$RTH$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD$ZBH
Wire

Intel Chief Accounting Officer Scott Gawel Steps Down

Intel's (INTC) Chief Accounting Officer Scott Gawel has decided to step down as the principal accounting officer, effective immediately, the company said in an 8-K filing with the US Securities and Exchange Commission.David Zinsner, the company's chief financial officer, has assumed the role of principal accounting officer in addition to his existing duties, Intel said late Friday in the filing.Price: $83.55, Change: $+0.98, Percent Change: +1.19%

$INTC
Wire

Market Chatter: Intel Begins Bond Offering to Support Irish Semiconductor Plant Deal

Intel (INTC) has launched an investment-grade bond sale to help finance its $14.2 billion plan to regain full ownership of its Irish chip manufacturing facility, Bloomberg reported Monday, citing a person familiar with the matter.Intel didn't immediately respond to a request for comment from.Intel said in early April that it plans to take on about $6.5 billion in new debt to support the repurchase of a 49% stake in its Fab 34 joint venture in Ireland.Shares of Intel were up almost 4% in early Monday trading.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $85.83, Change: $+3.26, Percent Change: +3.95%

$INTC
Asia Markets

US Equity Investors to Focus on Mag-7 Earnings, Possibility of Iran War Resolution This Week

US equity investors will focus on mega-cap earnings this week alongside geopolitical developments, especially any possibility of a deal to end the Iran war.* Alphabet (GOOG, GOOGL), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), and Apple (AAPL), five out of the seven so-called Magnificent-7 companies will report quarterly earnings this week alongside scores of others. Last week, Intel's (INTC) blowout Q1 reflected the scale of demand for artificial intelligence-related products and services, boosting the S&P 500 and the Nasdaq Composite to record highs.* US President Donald Trump on Sunday reportedly said Iranian authorities "can call" if they want to talk, while reiterating the war could "come to an end very soon." This statement from Trump comes after the president canceled his envoys' trip to Pakistan over the weekend to negotiate a peace deal with Iran.* In the absence of any face-to-face discussions in Pakistan, Iran offered a proposal to reopen the Strait of Hormuz and end the war, Axios cited a US official and two people with knowledge of the matter in a news report. That proposal, however, includes postponing nuclear negotiations between the two countries, according to the Axios report.* Meanwhile, Iran's Foreign Minister Abbas Araghchi is in Russia ahead of a meeting with President Vladimir Putin to discuss the conflict with the US, after Tehran's top diplomat visited with key mediators Pakistan and Oman over the weekend, CNN reported Monday.* The Federal Reserve on Wednesday is certain to keep the federal funds range unchanged at 3.5% to 3.75%, according to the CME FedWatch tool.* Data due this week includes the personal consumption expenditures price index, the Fed's preferred inflation gauge for March, the ISM survey on manufacturing and services activity in April, the Q1 employment cost index, the Q1 gross domestic product advance estimate, and durable goods orders for March.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$GOOG$GOOGL$INTC$META$MSFT
Research

Citic Downgrades Intel to Add From Buy, Adjusts Price Target to $82 From $60

Intel (INTC) has an average rating of hold and mean price target of $78.77, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$INTC
US Markets

Nasdaq, S&P 500 Reach New Peaks Amid Tech Rally, Log Weekly Gains

The Nasdaq Composite and the S&P 500 hit all-time peaks as technology stocks rallied on Friday, while traders turned hopeful for a new round of US-Iran peace talks.The Nasdaq rose 1.6% to 24,836.6, while the S&P 500 climbed 0.8% to 7,165.1, both notching new closing highs. The Dow Jones Industrial Average fell 0.2% to 49,230.7. Technology paced the gainers with a 2.5% jump, while health care saw the biggest drop.This week, the Nasdaq advanced by 1.5%, while the S&P 500 added 0.5% -- marking their fourth consecutive weekly advance. The Dow posted a weekly loss of 0.4%."Equity markets were mixed this week with volatility settling down, and equity investors seemingly putting the conflict in Iran behind them despite ongoing uncertainties," Robert Kavcic, senior economist at BMO Capital Markets, said in a report."Despite the trade war and Iran conflict, the market keeps finding a footing thanks to the large-scale (artificial intelligence) buildout, strong productivity growth and robust earnings," Kavcic said.Intel shares soared nearly 24%, the best performer on the S&P 500. Late Thursday, the chipmaker delivered a first-quarter beat amid artificial intelligence-driven demand for its products. The company issued an upbeat outlook for the ongoing quarter.Intel's post-earnings commentary suggests revenue upside potential for 2026, UBS Securities said in a note.Several other major tech stocks also advanced. Nvidia (NVDA) shares jumped 4.3%, the top gainer on the Dow, followed by Amazon.com's (AMZN) 3.5% increase. Advanced Micro Devices (AMD) and Qualcomm (QCOM) were up by double-digit percentage each, both among the best S&P 500 performers.Charter Communications (CHTR) reported first-quarter earnings below Wall Street's estimates as revenue declined annually, driven by weakness in the residential video and Internet segments. The company's shares plunged nearly 26%, the steepest decline on the S&P 500.West Texas Intermediate crude was last down 0.5% at $95.33 per barrel, while Brent rose 1.3% to $106.44.US special envoy Steve Witkoff and Jared Kushner will travel for Pakistan Saturday for a fresh round of talks with Iran, White House Press Secretary Karoline Leavitt said on Friday.Iran's Foreign Minister Seyed Abbas Araghchi has arrived in Pakistan.US Treasury yields were lower, with the 10-year rate down two basis points at 4.31% and the two-year rate falling 6.3 basis points to 3.78%.In economic news, US consumer sentiment improved from an initial April estimate, but remained at a record low as near-term inflation expectations logged the biggest monthly increase in a year, final University of Michigan survey results showed."The Iran conflict appears to influence consumer views primarily through shocks to gasoline and potentially other prices," Surveys of Consumers Director Joanne Hsu said. "In contrast, military and diplomatic developments that do not lift supply constraints or lower energy prices are unlikely to buoy consumers."About three in every five US consumers plan to cut discretionary spending as a result of high gasoline prices, with a majority considering a pullback in outlays on travel and entertainment, according to an Oppenheimer survey.Gold was last down 0.1% at $4,721.70 per troy ounce, while silver gained 0.5% to $75.85 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$AMZN$CHTR$INTC$NVDA$QCOM
Equities

S&P 500 Posts Fourth Consecutive Weekly Gain, Hits New Highs

The Standard & Poor's 500 index rose 0.55% this week to another round of fresh highs, led by the energy and technology sectors as oil prices climbed and Intel's (INTC) earnings topped views.The S&P 500 ended Friday's session at 7,165.08, its highest closing level yet. The market benchmark also reached a fresh intraday high on Friday at 7,168.59.This marks the S&P 500's fourth weekly gain in a row. It's up 9.8% for April and 4.7% for the year.US retail sales last month logged the largest rise since March 2025, data released earlier this week showed. The increase, however, came amid a surge in spending at gasoline station as the Middle East conflict led to higher prices.US consumer sentiment improved from an initial April estimate, and consumer sentiment remained at a record low as near-term inflation expectations logged the biggest monthly increase in a year, according to final University of Michigan survey results.The energy sector led the week's advance, rising 3.2%, followed by a 3.1% increase in technology and a 1.2% rise in consumer staples. Utilities and materials also edged higher.The energy sector's increase came as crude oil futures rose amid continued uncertainty in the Middle East.Baker Hughes (BKR) had the largest percentage gain in the energy sector, climbing 15% as the company reported Q1 adjusted earnings and revenue above analysts' mean estimates.The technology sector was boosted by stronger-than expected first-quarter results from Intel amid artificial intelligence-driven demand. The chip maker also issued an upbeat Q2 outlook. Its shares jumped 21% on the week.On the downside, health care fell 3.1%, followed by a 1.9% drop in financials and a 1.5% slip in real estate. Communication services, industrials and consumer discretionary also edged lower.HCA Healthcare (HCA) led the decliners in health care, falling 11%. The hospital operator's first-quarter results exceeded market expectations but the company also said it didn't experience its typical increase in seasonal volume during the quarter, mainly due to a drop in admissions related to respiratory issues.Thermo Fisher Scientific (TMO) also lost 11%. The medical device manufacturer raised its full-year outlook as first-quarter results came in stronger than expected, but investors were disappointed by its organic growth, which fell short of analysts' estimates.Next week's earnings calendar features a number of large companies including Google parent Alphabet (GOOG), Microsoft (MSFT), Amazon.com (AMZN), Facebook parent Meta Platforms (META), Apple (AAPL), Eli Lilly (LLY), Mastercard (MA), Caterpillar (CAT), Merck (MRK), Berkshire Hathaway (BRK.A, BRK.B), Verizon Communications (VZ), Visa (V) and Coca-Cola (KO).Economic data will include Q1 gross domestic product, March personal consumption expenditures and April consumer confidence, among other reports.The Federal Reserve's Federal Open Market Committee will hold a two-day rate policy meeting, concluding on Wednesday.

Dow JonesNasdaq CompositeS&P 500$BKR$HCA$INTC$TMO
Asia Markets

Nasdaq, S&P 500 Touch All-Time Highs as Intel Lifts Tech, Stage Set for Iran Peace Talks This Weekend

The Nasdaq Composite and the S&P 500 hit records on Friday as Intel's (INTC) blowout Q1 results galvanized the technology sector amid reports that the White House is sending its Iran peace envoys to Pakistan for talks this weekend.The Nasdaq was up 1.6% to 24,836.60, after touching a record 24,854.04 intraday. The S&P 500 was up 0.8% to 7,165.08, after hitting a peak of 7,168.59 earlier in the session. The Dow Jones Industrial Average declined 0.2% to 49,230.71 at the close, as health care, industrials, and financials led the decliners.Intel shares soared 24%, the top gainer on the S&P 500 and the Nasdaq, after the company reported higher fiscal Q1 adjusted earnings and revenue. The chipmaker issued a fiscal Q2 outlook above market expectations. Nvidia (NVDA), Advanced Micro Devices (AMD), and Arm (ARM) were among the biggest outperformers across the S&P 500 and the Nasdaq.Iran's Foreign Minister Abbas Araghchi, the main mediator between Tehran and Washington, arrived in Islamabad, according to The Wall Street Journal. US envoys Steve Witkoff and Jared Kushner will travel to Pakistan on Saturday to participate in direct talks with Iran, CNN cited the White House.There is, however, no confirmation yet that American delegates will meet directly with Araghchi, according to both publications. US Vice President JD Vance will be on standby to travel if there is progress in the negotiations, a White House official told the WSJ.West Texas Intermediate crude oil futures fell 1% to $94.87, while Brent crude futures rose 0.8% to $105.95. Both WTI and Brent were up more than 1.5% each earlier in the session.In precious metals, gold futures rose 0.1% to $4,726.8, and silver futures climbed 0.5% to $75.91, after both traded lower earlier in the session.In economic news, the University of Michigan consumer sentiment index was revised up to 49.8 for April from 47.6 preliminary, compared with expectations for 48.5 in a Bloomberg-compiled survey. The index remains below the final 53.3 print in March. Respondents expected a 4.7% inflation rate over the next year and 3.5% annual inflation over the next five years, up from 3.8% and 3.2%, respectively, in March.US Attorney General for DC Jeanine Pirro said Friday on X that she has ordered her office to close its investigation into Federal Reserve Chair Jerome Powell. The Inspector General for the Federal Reserve has been asked to scrutinize cost overruns related to building construction, Pirro said. The move likely brings Kevin Warsh closer to taking over from Powell next month.Most US Treasury yields fell, with the 10-year slipping 1.5 basis points to 4.31% and the two-year dropping 4.2 basis points to at 3.78%.

Dow JonesNasdaq CompositeS&P 500$AMD$ARM$INTC$NVDA
Japan

S&P 500, Nasdaq Rise to Records as Intel Surges, US Steps Up Iran Talks

The S&P 500 and Nasdaq rose to records on Friday after Intel (INTC) reported strong Q1 results and the US sent envoys to Pakistan for Iran peace talks.* US envoys Steve Witkoff and Jared Kushner will travel to Pakistan on Saturday to participate in talks involving Iran, CNN reported, citing the White House.* The University of Michigan consumer sentiment index was revised upward to 49.8 for April from the preliminary estimate of 47.6, compared with expectations for 48.5 in a Bloomberg survey.* May West Texas Intermediate crude oil fell $0.81 to settle at $95.04 per barrel, while June Brent crude, the global benchmark, was last seen up $0.86 at $105.93.* Intel shares jumped 24%, the top gainer on the S&P and Nasdaq, after the company reported higher Q1 adjusted earnings and revenue while issuing a Q2 outlook above market expectations.* Charter Communications (CHTR) shares fell 26%, the biggest decline on the S&P and Nasdaq, after the company reported Q1 earnings below market estimates as revenue declined.

Dow JonesNasdaq Composite$CHTR$INTC$SPX
Asia Markets

US Equity Indexes Mixed This Week as Surging Technology Fails to Outweigh Iran Geopolitics

US equity indexes closed mixed this week, as quarterly earnings helped the technology sector top charts while a failure to hold the second round of Iran peace talks knocked confidence.* The S&P 500 closed at 7,165.08 on Friday, up 0.6% this week, according to data compiled by FactSet. The Nasdaq Composite ended at 24,836.60, rising 1.5% over the past five days. The Dow Jones Industrial Average ended at 49,310.32, down 0.4% from a week ago.* Technology and energy led sector gainers, while health care and financials were among the steepest decliners.* Intel's Q1 galvanized the technology sector as the chipmaker reported blowout results, pushing its shares as high as 25% on Friday. Arm (ARM), Advanced Micro Devices (AMD), and Texas Instruments (TXN) each delivered returns of more than 20% this week.* Investors balked after Tesla (TSLA) unveiled its capital expenditure guidance for 2026, taking the shine off Q1 beats. TechCrunch reported the firm plans to spend $25 billion this year, compared with $8.5 billion in 2025. Tesla's shares ended 5.9% lower this week.* Late Friday, WTI and Brent crude oil futures trading at $94.74 and $105.79, respectively, were higher from a week ago, reflecting mainly the US-Iran's failure to hold the second round of talks in Pakistan earlier this week. The duo remained at an impasse up until Thursday, as Tehran refused to negotiate a peace deal as long as the US Navy continued to blockade its ports and Washington refused to lift the siege.* However, on Friday, news emerged that US envoys Steve Witkoff and Jared Kushner will travel to Islamabad, Pakistan, on Saturday to participate in direct talks with Iran, CNN cited the White House. On the same day, Tehran also announced it is sending Foreign Minister Abbas Araghchi to Pakistan, the news report said. WTI and Brent crude futures traded lower on Friday.

Dow JonesNasdaq CompositeS&P 500$AMD$ARM$INTC$TSLA$TXN
Sectors

Sector Update: Tech Stocks Gain Late Afternoon

Tech stocks were higher late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.7% and the State Street SPDR S&P Semiconductor ETF (XSD) jumping 5.9%.The Philadelphia Semiconductor index climbed 4%.In sector news, the Trump administration is supporting Elon Musk's AI company xAI in its suit challenging Colorado's new law aimed at preventing discrimination by AI systems, Bloomberg reported Friday, citing a court filing. The law, set to take effect June 30, will regulate how businesses use AI tools in decisions involving employment, health care, housing and other areas, the report said. The US Department of Justice argued the measure violates the Constitution's Equal Protection Clause and would distort model outputs in ways that "discriminate based on race, sex, religion, and other protected characteristics," the report added.In corporate news, Intel (INTC) shares surged nearly 23% after the chipmaker reported late Thursday fiscal Q1 results above Wall Street's estimates as it benefited from AI-driven demand for its products.Meta Platforms (META) said Friday it signed an agreement to incorporate tens of millions of Amazon (AMZN) Web Services Graviton cores into its computing network. Meta shares rose 2.5%, and Amazon gained 3.6%.Alphabet's (GOOGL) Google is planning to invest $10 billion in Amazon-backed Anthropic with the possibility of an additional $30 billion, Bloomberg reported, citing a statement from Anthropic. Google has committed to investing $10 billion now at a $350 billion valuation, and could invest an extra $30 billion if Anthropic hits performance targets, the report said, citing the company. Alphabet shares rose 1.7%.Alphabet's Google and Microsoft (MSFT) are set to take part in a bidding process to select operators for a US data center being developed by SoftBank, Nikkei Asia reported. The decision, potentially coming as early as this month, is linked to a 10-gigawatt data center planned in Piketon, Ohio, which is part of a broader investment expected to eventually reach $500 billion, the report said. Microsoft shares added 2.1%.

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