Wire
JPMorgan Raises Intel Price Target to $85 From $45
Intel (INTC) has an average rating of overweight and mean price target of $121.24, according to analysts polled by FactSet.Price: $87.89, Change: $-2.18, Percent Change: -2.42%
$INTC
Intel Corporation
$INTCNASDAQSemiconductors
310 stories mentioning Intel CorporationUpdated just now
BofA upgraded Intel to Buy from Underperform and raised its target to $135, citing agentic-AI-driven demand for x86 CPUs.
What are analysts saying about Intel Corporation?
Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
What's the latest news on Intel Corporation?
US Markets
Analog Devices Guides For Above-Consensus Fourth Quarter Amid Robust Chip Demand
Analog Devices (ADI) on Wednesday projected above-consensus profit and sales for its fiscal fourth quarter, as robust data center and industrial demand for chips drove its third-quarter results above Wall Street estimates.For the ongoing quarter, the semiconductor company guided adjusted earnings per share of $3.71 to $4.01 on revenue of $4.2 billion to $4.4 billion. Analysts in a FactSet poll are looking for non-GAAP EPS of $3.54 and sales of $4.08 billion.For the quarter ended Aug. 1, adjusted EPS rose to $3.45 from $2.05 a year earlier, exceeding the consensus of $3.34. Revenue surged 40% to $4.02 billion, while analysts expected $3.92 billion."Demand for our solutions continues to grow, supported by robust (artificial intelligence) and defense spending, cyclical momentum and underlying secular content growth across our diversified end markets," Chief Executive Vincent Roche said on an earnings conference call, according to a FactSet transcript.Shares of Analog Devices gained 1.2% intraday. The stock has advanced 40% so far this year.Other chipmaking giants have recently reported strong quarterly results that reflected strong demand. Intel (INTC) reported a 25% year-over-year revenue gain for its second quarter, while Advanced Micro Devices (AMD) posted a 50% surge in quarterly sales.In a July 13 note, KeyBanc Capital Markets said "analog (was) tracking better than expected, sustaining the early upcycle momentum with data center and industrial demand driving extended lead times, broad-based price increases, and improving bookings."Analog chips are electronic components used for processing continuous signals."Supply remains increasingly tight as AI-related demand competes for non-AI analog capacity, driving continued price increases," KeyBanc said.For the just-concluded quarter, Analog Devices' industrial division delivered a 53% annual sales jump, while communications soared 84%. Revenue in the automotive and consumer segments also logged gains."Demand continued to strengthen across our product portfolio and regions throughout the third quarter, which is reflected in our record fourth quarter outlook," Chief Financial Officer Richard Puccio said in a statement. "We believe our balance of disciplined execution and targeted growth investments will enable us to finish the year strongly and carry that momentum into fiscal 2027."Price: $374.32, Change: $-2.31, Percent Change: -0.61%
$ADI$AMD$INTC
Sectors
Sector Update: Tech Stocks Rise Late Afternoon
Tech stocks were higher late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) increasing 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.3%.The Philadelphia Semiconductor index climbed up 1.8%.In corporate news, over a dozen family offices held a total of at least $3.8 billion in SpaceX (SPCX) through the first half of the year, Bloomberg reported Monday, citing data it compiled from 13F regulatory filings. SpaceX shares were up 4.2%.Meta Platforms' (META) and BlackRock's (BLK) Sopaipilla data center campus in El Paso, Texas, is exposed to billions of dollars in potential losses due to partial insurance coverage, the Financial times reported Monday, citing sources familiar with the insurance agreement. Meta shares were falling 3.6%.Alphabet's (GOOGL) Google agreed to purchase a broad set of Spirit Airlines' enterprise data and internally developed software assets for $10 million under a bill of sale filed Friday in the US Bankruptcy Court for the Southern District of New York. Alphabet shares were down 0.6%.Intel (INTC) and Goldman Sachs (GS) are among the investors in AI video generation platform Higgsfield's recent $400 million funding round, pushing its valuation to $5.40 billion, the Financial Times reported. Intel shares climbed 1.5%.
$GOOGL$INTC$META$SPCX
Wire
Top Midday Gainers
OmniAb (OABI) unveiled a partnership with Eli Lilly (LLY) on a new ion-channel drug discovery program, while raising its fiscal 2026 cash and cash equivalents guidance.Shares of OmniAb jumped over 11%, with intraday trading volume rising to more than 16.4 million from the stock's daily average of about 647,000.Meanwhile, B. Riley raised its price target for RCM Technologies' (RCMT) shares to $45 from $40 while keeping its buy rating.Shares climbed 13% amid an increase in intraday trading volume to over 320,000 from a daily average of about 63,000.Nvidia (NVDA) has reported a $29.99 billion stake in Intel (INTC) and a $20.98 billion stake in Space Exploration Technologies (SPCX) as of June 30, according to a Form 13F filed Friday with the US Securities and Exchange Commission.Shares of SpaceX rose 6%, with intraday trading volume at over 84.5 million, versus the stock's daily average of about 122.1 million.Price: $3.78, Change: $+0.40, Percent Change: +11.83%
$INTC$LLY$NVDA$OABI$RCMT$SPCX
Sectors
Sector Update: Tech Stocks Rise Monday Afternoon
Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.5%.The Philadelphia Semiconductor index climbed up 2.1%.In corporate news, Intel (INTC) and Goldman Sachs (GS) are among the investors in AI video generation platform Higgsfield's recent $400 million funding round, pushing its valuation to $5.40 billion, the Financial Times reported. Intel shares climbed 1.7%.Nvidia (NVDA) said Monday it is investing $1.5 billion in SB Energy to support its growth as an AI infrastructure developer. Nvidia shares were up 0.4%.Amazon-backed (AMZN) Anthropic told potential investors that its Q2 revenue jumped at least 14-fold from the year prior to over $11.5 billion, Bloomberg reported, citing internal documents it viewed. Amazon shares were down 1.4%.Alibaba's (BABA) Qwen AI models have exceeded 3 billion in downloads globally over the last six months, topping that of Meta (META) and Alphabet's (GOOGL) Google, Bloomberg reported, citing data from open source AI platform Hugging Face. Alibaba shares were up 0.2%.
$AMZN$BABA$INTC$NVDA
Sectors
Sector Update: Financial Stocks Lean Lower Pre-Bell Monday
Financial stocks were leaning lower pre-bell Monday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.3%.The Direxion Daily Financial Bull 3X Shares (FAS) was 1.1% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 1%.Bread Financial (BFH) shares were up more than 1% after the company reported 30-day-plus delinquencies of $876 million and a delinquency rate of 5.35% as of July 31, down from $931 million and 5.8% a year earlier.KKR's (KKR) bid for an 8.43% stake in First Gen, a First Philippine power-generation unit, has been rejected, the Manila-based conglomerate reported to the Philippine Stock Exchange. KKR shares were 0.4% lower premarket.Intel (INTC) and Goldman Sachs Group (GS) are among the investors in artificial intelligence video generation platform Higgsfield's recent $400 million funding round, pushing its valuation to $5.40 billion, the Financial Times reported. Goldman Sachs Group shares were 0.1% lower pre-bell.
$BFH$FAS$FAZ$GS$INTC$KKR$XLF
Commodities
Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Monday Amid Lower Rate Hike Expectations
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.1% and the actively traded Invesco QQQ Trust (QQQ) was 0.5% higher in Monday's premarket activity amid lower expectations of an interest rate increase.US stock futures were mixed, with S&P 500 Index futures up 0.1%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures gaining 0.5% before the start of regular trading.The New York Federal Reserve's Empire State manufacturing index rose to 20.6 in August from 15.6 in July, compared with an expected decrease to a reading of 10.0 in a survey compiled by Bloomberg.The National Association of Home Builders' housing market index for August will be released at 10 am ET.In premarket action, bitcoin was up by 0.8%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.8% higher, Ether ETF (EETH) advanced 1.4%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.4%, the Vanguard Health Care Index Fund (VHT) was down 0.1%, while the iShares US Healthcare ETF (IYH) slipped 0.1%. The iShares Biotechnology ETF (IBB) was up 0.4%.Argenx (ARGX) stock was up more than 11% premarket after the company said a phase 3 study evaluating its experimental drug, Vyvgart Hytrulo, in adults with autoimmune myositis met its primary endpoint.Winners and Losers:EnergyThe iShares US Energy ETF (IYE) was down 0.1%, while the State Street Energy Select Sector SPDR ETF (XLE) retreated 0.1%.Vista Energy (VIST) stock was up more than 4% before market open after a 3.2% rise at Friday's close. A US Securities and Exchange Commission filing published Friday showed that Palantir Technologies (PLTR) Co-Founder Peter Thiel has acquired 1,189,792 American depositary shares in the Argentinian energy company worth about $75.9 million. Palantir stock was 0.6% lower.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.02%, the Vanguard Industrials Index Fund (VIS) was up 0.1%, and the iShares US Industrials ETF (IYJ) was inactive.L3Harris Technologies (LHX) stock was down more than 2% before the opening bell after the company said it appointed Sam Mehta as President and CEO to succeed Christopher Kubasik, who stepped down as chairman and CEO following an investigation.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.6%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) retreated by 0.5%, and the iShares US Consumer Staples ETF (IYK) was 1% lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.2%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.1% higher.Amazon (AMZN) shares were up more than 1% pre-bell. According to updated user conditions posted on the company's website Friday, Amazon has reinstated binding arbitration for its US customers and barred them from pursuing class action lawsuits.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.9%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1% higher.Riot Platform (RIOT) shares traded up 1% in early hours activity after the company said its wholly owned subsidiary, Riot DC Logistics, entered into a $573 million senior secured delayed-draw term loan credit agreement on Aug. 10.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 0.3%, the iShares US Technology ETF (IYW) was 0.6% higher, and the iShares Expanded Tech Sector ETF (IGM) was up 0.3%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) advanced 1,4%, while the iShares Semiconductor ETF (SOXX) rose by 1%.Nvidia (NVDA) shares were up 0.7% after a Friday filing with the US Securities and Exchange Commission showed that the company has a $29.99 billion stake in Intel (INTC) and a $20.98 billion stake in Space Exploration Technologies (SPCX) as of June 30. Intel stock was 0.6% higher, while SpaceX was marginally lower.CommoditiesFront-month US West Texas Intermediate crude oil gained by 0.4% to reach $82.73 per barrel on the New York Mercantile Exchange. Natural gas was down 2.1% at $2.68 per 1 million British Thermal Units. The United States Oil Fund (USO) gained 0.9%, while the United States Natural Gas Fund (UNG) was 1.7% lower.Gold futures for November were up by 0.2% at $4,443.90 an ounce on the Comex. Silver futures advanced 0.9% to $65.66 an ounce. SPDR Gold Shares (GLD) gained by 0.1%, and the iShares Silver Trust (SLV) was 0.8% higher.
Dow JonesNasdaq CompositeS&P 500$AMZN$ARGX$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$INTC$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$LHX$NVDA$PLTR$PMR$QQQ$RIOT$RTH$SLV$SOXX$SPCX$SPY$UNG$USO$VDC$VHT$VIS$VIST$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Sectors
Sector Update: Tech Stocks Mixed Late Afternoon
Tech stocks were mixed late Tuesday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) easing 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 0.7%.The Philadelphia Semiconductor Index rose 0.6%.In corporate news, AppLovin (APP) shares fell 5.3% after BofA Securities downgraded the stock to neutral from buy and lowered the price target to $400 from $430. The company's 30% long-term annual revenue growth target lacks sufficient evidence, with uncertainty rising around the sustainability of its self-learning growth, BofA said.SK hynix (SKHY) plans to resume construction at its second NAND flash facility in Dalian, China, to boost local output by about 50%, Seoul Economic Daily reported. The shares rose 3.9%.Intel (INTC) priced a public offering of about 210.5 million shares at $95 each. The offering was upsized to $20 billion from $15 billion. The stock was little changed.Nvidia (NVDA) is developing a new in-house AI model called Nemotron 4 that it hopes will perform on par with the best open-source AI models, The Information reported. Nvidia confirmed tothat the company is developing Nemotron 4. Separately, Nvidia said late Monday it partnered with six major financial institutions to raise more than $500 billion in third-party capital for AI infrastructure. Nvidia shares rose 0.2%.
$APP$INTC$NVDA$SKHY
Wire
Market Chatter: Intel CEO Sought US Approval for Stock Sale
Intel (INTC) Chief Executive Lip-Bu Tan sought approval from US Commerce Secretary Howard Lutnick ahead of the company's planned stock sale, Semafor reported Tuesday, citing people familiar with the matter.The government decided not to participate in the sale, but Lutnick approved of the idea, the sources reportedly said.The sale, initially announced at $15 billion, has since been upsized to $20 billion and will fund artificial intelligence projects including Intel's delayed Ohio chip factory, Semafor said, citing the sources.Intel has found an anchor investor to backstop the secondary sale, according to the report.Intel did not immediately respond to' request for comment.(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: $97.34, Change: $-0.19, Percent Change: -0.19%
$INTC
Sectors
Sector Update: Tech Stocks Mixed Tuesday Afternoon
Tech stocks were mixed Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 0.4%.The Philadelphia Semiconductor index rose 0.2%.In corporate news, Intel (INTC) said Tuesday it has priced a public offering of about 210.5 million shares at $95 each. The offering was upsized to $20 billion from $15 billion. The offering was multiple-times oversubscribed, and about 33% of investors who placed orders didn't receive shares, Bloomberg reported. Intel shares were down 0.8%.Nvidia (NVDA) is developing a new in-house AI model called Nemotron 4 that it hopes will perform on par with the best open-source AI models in the world, The Information reported. Nvidia confirmed tothat the company is developing Nemotron 4. Shares of the company were down 0.2%.Amazon-backed (AMZN) Anthropic has agreed to a long-term deal with Riot Platforms (RIOT) for data center capacity in Texas, securing 191 megawatts of power through 2048, Bloomberg reported. Riot shares added 0.8%, and Amazon was down 2.2%.Sea (SE) reported stronger-than-expected Q2 revenue on Tuesday as the Singapore-based company logged sharp annual gains in its e-commerce platform and the digital financial services business. Its shares jumped past 14%.
$AMZN$INTC$NVDA$RIOT$SE
Wire
Sector Update: Tech
Tech stocks were mixed Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) off 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 0.7%.The Philadelphia Semiconductor index rose 0.5%.In corporate news, Intel (INTC) said Tuesday it has priced a public offering of about 210.5 million shares at $95 each. The offering was upsized to $20 billion from $15 billion. The offering was multiple-times oversubscribed, and about 33% of investors who placed orders didn't receive shares, Bloomberg reported. Intel shares were up 0.3%.
$INTC
Wire
Top Midday Stories: Nvidia Developing Ambitious Open-Source AI Model; Intel Upsizes Share Offering to $20 Billion
Stocks were down in late-morning trading Tuesday, as investors continued to look for signs of progress in talks to reopen the Strait of Hormuz.In company news, Nvidia (NVDA) is developing a new in-house AI model called Nemotron 4 that it hopes will perform on par with the best open-source AI models in the world, The Information reported Tuesday, citing several people who work on Nemotron. The company hopes its open-source efforts will drive demand for its hardware, the report said. Nvidia shares were up 0.7% around midday.Intel (INTC) said Tuesday it has priced an upsized public offering of about 210.5 million common shares at $95 each. The offering was upsized to $20 billion from $15 billion. The offering ended multiple-times oversubscribed, and roughly 33%of investors who placed orders didn't receive shares, Bloomberg reported Tuesday, citing people familiar with the matter. Intel shares were up 0.3%.On Holding (ONON) reported adjusted Q2 earnings Tuesday of 0.35 Swiss francs ($0.43) per diluted share, swinging from a loss of 0.09 francs a year earlier and above the FactSet consensus analyst estimate of 0.34 francs. Net Q2 sales were 850.3 million francs, up from 749.2 million francs a year ago but below the FactSet consensus of 878.4 million francs. For full-year 2026, the company expects net sales growth in the low-20% range, implying reported sales of 3.47 billion to 3.56 billion francs, compared with its prior outlook of at least 3.51 billion francs and the FactSet consensus of 3.56 billion francs. On Holding shares were down 19%.Apollo Global Management's (APO) Apollo Sports Capital has reached a $2.6 billion financing agreement with Yankee Global Enterprises, the holding company of the New York Yankees, Apollo said Tuesday. The deal, which is expected to close "imminently," consists of both credit and equity, Apollo said. As part of the deal, Apollo Sports Capital CEO Al Tylis will join YGE's board, the company said. Apollo shares were up 4.6%.SpaceX (SPCX) has agreed to launch Vingroup unit VinSpace's first satellites next year, the Vietnamese company said Tuesday. Under the agreement, VinSpace satellites will launch aboard a Transporter rideshare mission in 2027, the company said. SpaceX shares were down 3.2%.Amazon-backed (AMZN) Anthropic has agreed to a long-term deal with Riot Platforms (RIOT) for data center capacity in Texas, securing 191 megawatts of power through 2048, Bloomberg reported Tuesday, citing people familiar with the matter. Separately, Anthropic is meeting with potential investors ahead of an initial public offering that could take place in September or early October, The Wall Street Journal reported Tuesday, citing people familiar with the matter. The company is attempting to address concerns over Chinese AI competition, Trump administration tensions and backlash over data-center expansion, the report said, citing the people. Amazon shares were down 2%, while Riot shares were up 4.8%.Price: $97.92, Change: $+0.40, Percent Change: +0.41%
$AMZN$APO$INTC$NVDA$ONON$RIOT$SPCX
Wire
Market Chatter: Intel Said to Deny Shares to About 33% of Orders in Offering
Intel's (INTC) $20 billion offering ended multiple-times oversubscribed and around 33% of investors who placed orders didn't receive any shares, Bloomberg reported Tuesday, citing people familiar with the matter.The 10 biggest investors in the offering took 55% of the shares, while the 25 largest investors took 80%, the report said, citing the people.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: $97.47, Change: $-0.05, Percent Change: -0.05%
$INTC
Wire
Intel Said to Deny Shares to About 33% of Orders in Offering, Bloomberg Reports
Intel Said to Deny Shares to About 33% of Orders in Offering, Bloomberg Reports
$INTC
US Markets
Update: S&P 500 Retreats From Record, Oil Jumps as Hormuz Reopening Hopes Fade
(Updates with market moves at the end of the day, and other changes, if any.)US equity benchmarks fell Monday, with the S&P 500 pulling back from a record high as oil prices rose amid doubts that the Strait of Hormuz will reopen soon.The large-cap index closed 0.1% lower at 7,753.11, after reaching a new peak in the previous session. The Nasdaq Composite declined 0.3% to settle at 26,605.36, while the Dow Jones Industrial Average edged down 0.1% to 53,975.98.Among sectors, real estate led the laggards, while energy topped the gainers.West Texas Intermediate crude oil jumped 5% to $82.05 a barrel in Monday late-afternoon trade, while Brent climbed 4.8% to $87.55.Iran has reportedly laid out new terms for reopening the Strait of Hormuz, including a permanent end to the war against Tehran and its allies, as well as demanding full compensation for war damages.US President Donald Trump on Monday demanded compensation from Iran "for all of the people that they have killed and gravely wounded with their roadside bombs and many conflicts."In another social media post, Trump said that "Iran should be responsible for the damages and death caused to the people of Lebanon, Syria, Yemen, and Gaza."Trump has signaled that he's prepared to exert greater economic pressure on Iran instead of launching another military attack, Axios reported Sunday."Oil prices remain supported by uncertainty surrounding the Strait of Hormuz," ING Bank said in a report Monday. "Significant hurdles remain before any broader agreement is reached."US Treasury yields were higher, with the two-year rate up 3.5 basis points at 4.24% and the 10-year rate rising 4.3 basis points to 4.7%.Cleveland Fed President Beth Hammack told Yahoo Finance that more than one interest rate hike may be needed to curb US inflation.Hammack was one of the three dissenters who called for a quarter percentage point rate hike last month, when the Federal Reserve left monetary policy unchanged for a fifth time.In company news, Intel (INTC) plans to raise $15 billion to support capital expenditures as demand for artificial intelligence computing remains strong. The stock fell 4.1%.Teledyne Technologies (TDY) has agreed to acquire X-ray imaging components manufacturer Varex Imaging (VREX) in a $1.1 billion deal that will expand its X-ray device portfolio to include oncology detectors. Varex shares surged 49%, while Teledyne edged down 0.2%.Some 11 S&P 500 companies are scheduled to report results this week, including Cisco (CSCO) and Applied Materials (AMAT).So far, 443 companies, or 89% of the index constituents, have reported results in the current cycle, with profit growth slowing to 51% from about 57% a week ago, Oppenheimer Asset Management said in a report Monday.Spot gold rose 1.1% to $4,388.79 per troy ounce, while silver advanced 4.2% to $66.19 per ounce.
Dow JonesNasdaq CompositeS&P 500$AMAT$CSCO$INTC$TDY$VREX
Sectors
Sector Update: Tech Stocks Decline Late Afternoon
Tech stocks were lower late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 2.3%.The Philadelphia Semiconductor index was shedding 1.7%.In corporate news, Microsoft (MSFT) intends to greatly increase production of its internally designed AI chips next year and hopes to persuade Anthropic and other large cloud customers to use them, The Information reported. Microsoft shares were up 1.1%.Intel (INTC) said Monday it is offering $15 billion of common stock in a public offering, the proceeds of which will go toward general corporate purposes. Intel shares were down 3.4%.Nvidia (NVDA) is working with some of the world's largest financial firms to build a $500 billion funding package for AI infrastructure development, the Financial Times reported. Nvidia shares were shedding 2.4%.A US appeals court on Monday rejected a bid by Meta Platforms (META), Alphabet's (GOOGL) Google and ByteDance's TikTok to reverse a lower-court's ruling that forces them to face roughly 2,400 lawsuits, according to media reports. Meta shares were up 0.3%, and Alphabet added 0.4%.
$GOOGL$INTC$META$MSFT$NVDA
US Markets
Update: Equities Fall, Oil Rises Intraday Amid Hormuz Reopening Uncertainty
(Updates with latest market prices and developments.)US stocks fell and oil prices advanced intraday as the Strait of Hormuz's reopening appeared uncertain.The Nasdaq Composite was down 0.3% at 26,616.2 after midday Monday, while the Dow Jones Industrial Average fell 0.2% to 53,914.8. The S&P 500, which notched a new closing high on Friday, edged down 0.1% to 7,754.1.Among sectors, real estate led the laggards intraday Monday, while energy topped the gainers.West Texas Intermediate crude oil jumped 4.3% to $81.52 a barrel, while Brent climbed 4.3% to $87.14.Iran has reportedly laid out new terms for reopening the Strait of Hormuz, including a permanent end to the war against Tehran and its allies.US President Donald Trump has signaled that he's prepared to exert greater economic pressure on Iran instead of launching another military attack, Axios reported Sunday."We are low-keying it," Trump reportedly said in a phone call, according to Axios. "We are only semi-negotiating with them. We are just watching Iran with its huge inflation and the fact they have no money.""Oil prices remain supported by uncertainty surrounding the Strait of Hormuz," ING Bank said in a report Monday. "Significant hurdles remain before any broader agreement is reached."US Treasury yields were higher intraday, with the two-year rate up 3.7 basis points at 4.24% and the 10-year rate rising 4.5 basis points to 4.7%.In company news, Intel (INTC) plans to raise $15 billion from a common stock offering to support capital expenditures as demand for artificial intelligence computing remains strong. The stock was down 1.9%.Teledyne Technologies (TDY) has agreed to acquire X-ray imaging components manufacturer Varex Imaging (VREX) in a $1.1 billion deal that will expand its X-ray device portfolio to include oncology detectors. Varex shares surged 48%, while Teledyne edged up 0.4%.Some 11 S&P 500 companies are scheduled to report results this week, including Cisco (CSCO) and Applied Materials (AMAT).So far, 443 companies, or 89% of the index constituents, have reported results in the current cycle, with profit growth slowing to 51% from about 57% a week ago, Oppenheimer Asset Management said in a report Monday.Spot gold edged up 0.4% to $4,358.07 per troy ounce, while silver advanced 2.6% to $65.14 per ounce.
Dow JonesNasdaq CompositeS&P 500$AMAT$CSCO$INTC$TDY$VREX
Sectors
Sector Update: Tech Stocks Decline Monday Afternoon
Tech stocks were lower Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 2.4%.The Philadelphia Semiconductor index was shedding 2%.In corporate news, Intel (INTC) said Monday it is offering $15 billion of common stock in a public offering, the proceeds of which will go toward general corporate purposes. Intel shares were down 2.8%.Nvidia (NVDA) is working with some of the world's largest financial firms to build a $500 billion funding package for AI infrastructure development, the Financial Times reported. Nvidia shares were shedding 2.4%.A US appeals court on Monday rejected a bid by Meta Platforms (META), Alphabet's (GOOGL) Google and ByteDance's TikTok to reverse a lower-court's ruling that forces them to face roughly 2,400 lawsuits, according to media reports. Meta shares were up 0.3%, and Alphabet added 0.2%.Archer Aviation (ACHR) shares shares jumped past 7% after agreeing to buy Boeing's (BA) Wisk Aero, SkyGrid and Insitu units in exchange for a nearly 20% stake in the air taxi maker.
$ACHR$GOOGL$INTC$META$NVDA
Sectors
Sector Update: Tech
Tech stocks were lower Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.5% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 2.4%.The Philadelphia Semiconductor index was shedding 2%.In corporate news, Intel (INTC) said Monday it is offering $15 billion of common stock in a public offering, the proceeds of which will go toward general corporate purposes. Intel shares were down 2%.
$INTC
US Markets
Intel Plans $15 Billion Stock Offering as AI Demand Requires Higher Capital Spending
Intel (INTC) plans to raise $15 billion from a common stock offering to support capital expenditures as demand for artificial intelligence computing remains strong.The company said Monday that it expects to grant underwriters an option to purchase up to an additional $2.25 billion of common shares at the public offering price."Customers continue to signal a strong and sustainable demand environment, driven by unprecedented investment in AI compute," Intel said. "Progress in emerging areas including physical AI, purpose-built silicon, advanced packaging and external wafers represent significant growth opportunities for Intel."Intel plans to use net proceeds from the offering for general corporate purposes, which it said may include capital expenditures and working capital.Shares of Intel were down 2.3% in Monday trade. The stock has surged 169% so far this year."While the dilution is a negative for current investors, the demand signal is positive for Intel, its peers, and capital equipment suppliers," Wedbush Securities analyst Matt Bryson said in a client note.Technology giants are ramping up investments to support AI buildouts. Last month, Alphabet (GOOG, GOOGL) and Amazon.com (AMZN) raised their 2026 capital spending guidance.Major cloud service providers and personal computer makers helped drive Intel's second-quarter revenue growth of 25% year over year, the strongest in 15 years.At last month's earnings call, Intel Chief Financial Officer David Zinsner said that the company was looking at 2026 capital spending of "more than $20 billion," which he said is "significantly" higher than initial expectations."Industry-wide supply constraints across wafers, memory and substrates remain the dominant challenge our customers are facing to support the AI infrastructure build-out," Zinsner told analysts on the call, according to a FactSet transcript.Price: $99.45, Change: $-2.20, Percent Change: -2.16%
$AMZN$GOOG$GOOGL$INTC
Showing 21-40 of 310
