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Intel Corporation

Intel Corporation

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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.

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Wire

Top Midday Stories: Intel Offers $15 Billion of Common Stock; Microsoft to Ramp Up Production of Homegrown AI Chip

Stocks were relatively flat on Monday, as investors await further developments on the status of negotiations between the US and Iran.In company news, Intel (INTC) said Monday it's offering $15 billion of common stock in a public offering, the proceeds of which will go toward general corporate purposes, including capital expenditures and working capital. Intel shares were down 3.5% around midday.Microsoft (MSFT) intends to significantly 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 Monday, citing two people with direct knowledge. The tech giant plans to unveil its new Maia 300 chip this fall, possibly as soon as September, the report said, citing one of the people. Microsoft shares were up 1.8%.Archer Aviation (ACHR) has signed definitive agreements to acquire Boeing's (BA) Wisk Aero, SkyGrid and Insitu units, the companies said Monday. Archer shares were up 13.4%, while Boeing shares were up 0.5%.SpaceX (SPCX) retail investors sold shares for the first time last Friday since the June IPO, with the sales reaching a net $4.5 million in stock, Reuters reported Monday, citing data from Vanda Research. SpaceX shares were down 1.7%.Barrick Mining (B) reported Q2 adjusted net earnings Monday of $0.82 per share, up from $0.47 a year earlier but below the FactSet consensus analyst estimate of $0.83. Second-quarter revenue was $5.29 billion, up from $3.68 billion a year ago and above the FactSet consensus of $5.19 billion. Separately, Barrick Chairman John Thornton's plan to spin off the company's North American mines in an IPO is facing opposition from its major shareholders, Bloomberg reported Sunday. Lastly, Barrick and Newmont (NEM) said Monday they've agreed to contribute excluded properties to the Nevada Gold Mines joint venture. The agreement resolves all outstanding disputes, the companies said. Barrick shares were down 6.9%.GameStop (GME) Chief Executive Ryan Cohen is considering pulling the company's $56 billion bid for eBay (EBAY), Bloomberg reported Monday, citing people familiar with the matter. Cohen is instead considering a proposal for a joint venture or partnership that would let eBay leverage GameStop's roughly 1,600 US retail locations, the report said, citing the people. GameStop shares were flat, while eBay shares were down 3.6%.Sionna Therapeutics (SION) said Monday it won't advance SION-719 as an add-on therapy to standard of care Trikafta in cystic fibrosis patients after a phase 2a proof-of-concept failed to meet its key activity endpoint of seat chloride reduction. Sionna shares were down 92%.Price: $98.11, Change: $-3.54, Percent Change: -3.48%

$ACHR$B$BA$EBAY$GME$INTC$MSFT$SION$SPCX
Wire

Update: Intel Offers $15 Billion of Common Stock; Shares Decline

(Updates to include Intel's stock movement in the headline and first paragraph.)Intel (INTC) shares were down more than 4% in Monday trading after the company said it is offering $15 billion of common stock in a public offering, the proceeds of which will go toward general corporate purposes, including capital expenditures and working capital.The company said it expects to grant underwriters a 30-day option to purchase up to an additional $2.25 billion of common stock at the public offering price.J.P. Morgan (JPM), Goldman Sachs (GS), Morgan Stanley (MS) and Citigroup (C) are acting as joint book-running managers.Price: $97.10, Change: $-4.55, Percent Change: -4.48%

$C$GS$INTC$JPM$MS
Sectors

Update: Sector Update: Tech Stocks Mixed Premarket Monday

Technology stocks were mixed premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.1% higher.Intel (INTC) shares were down more than 4% after the company said it is offering $15 billion of common stock in a public offering, the proceeds of which will go toward general corporate purposes, including capital expenditures and working capital.Cloudflare (NET) stock was down nearly 2% after the company said it plans to offer roughly $2.18 billion worth of convertible senior notes due 2031 through a private offering to institutional buyers.ASE Technology (ASX) shares were up more than 3% after the company reported revenue of 73.78 billion new Taiwan dollars ($2.31 billion) in July, up 43% from a year earlier.

$ASX$INTC$NET$XLK$XSD
Sectors

Sector Update: Tech Stocks Mixed Premarket Monday

Technology stocks were mixed premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.1% higher.Intel (INTC) shares were down more than 5% after the company said it is offering $15 billion of common stock in a public offering, the proceeds of which will go toward general corporate purposes, including capital expenditures and working capital.Cloudflare (NET) stock was down more than 2% after the company said it plans to offer roughly $2.18 billion worth of convertible senior notes due 2031 through a private offering to institutional buyers.ASE Technology (ASX) shares were up more than 4% after the company reported a revenue of 73.78 billion new Taiwan dollars ($2.31 billion) in July, up 43% from a year earlier.

$ASX$INTC$NET$XLK$XSD
Asia Markets

Update: US Equity Futures Mostly Flat Pre-Bell Amid Lack of Progress in Middle East Peace Negotiations

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mostly flat pre-bell Monday as traders evaluated the lack of solid progress on a peace deal in the Middle East.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were flat, and Nasdaq futures were 0.1% lower.Iranian Foreign Minister Abbas Araqchi said that the nation would not restart direct talks with the US as long as it continues violating the June memorandum of understanding. Araqchi added that reopening the Strait of Hormuz would be partly conditional on the US paying for damage caused during the conflict between the two nations.President Donald Trump said that the US is "only semi-negotiating" with Iran as the Middle Eastern nation undergoes an economic crisis due to sky-high inflation and has no money to pay its troops, according to an Axios report on Sunday.Expected report their financial results this week are Cisco Systems (CSCO), Applied Materials (AMAT), and Brookfield (BN).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.9% at $85.13 per barrel and US West Texas Intermediate crude 2% higher at $79.72 per barrel.The economic calendar is vacant.In other world markets, Japan's Nikkei closed 2.1% higher, Hong Kong's Hang Seng ended 1.1% higher, and China's Shanghai Composite finished 0.7% higher. Meanwhile, the UK's FTSE 100 was down 0.3%, and Germany's DAX index was 0.3% higher in Europe's early afternoon session.In equities, SpaceX (SPCX) shares rose 1.3% after Reuters reported that retail investors sold shares for the first time last Friday since the June IPO. Meta Platforms (META) stock was up 1.9% after Chief Executive Mark Zuckerberg called for lower US regulatory barriers for open-weight artificial intelligence models to help American companies compete with Chinese rivals.Newmont (NEM) shares were 2.5% higher, while Barrick Mining (B) stock fell 6.2%, after the two companies said they agreed to contribute excluded properties, including Barrick's Fourmile and Newmont's Fiberline and Mike developments, to the Nevada Gold Mines joint venture, in an agreement wherein Newmont will pay Barrick $1.95 billion for the contribution of the properties.On the losing side, Intel (INTC) shares dropped 4.1% after the company said it is offering $15 billion of common stock in a public offering. Cloudflare (NET) stock was 1.8% lower after the company said it plans to offer roughly $2.18 billion worth of convertible senior notes due 2031 through a private offering to institutional buyers.

Dow JonesNasdaq CompositeS&P 500$AMAT$B$BN$CSCO$INTC$META$NEM$NET$SPCX
Sectors

Sector Update: Tech

Technology stocks were mixed premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.1% higher.Intel (INTC) shares were down more than 5% after the company said it is offering $15 billion of common stock through a public offering.

$INTC
Wire

Intel Names Dean Jarnac as Chief Sales Officer

Intel (INTC) said Friday it appointed Dean Jarnac as executive vice president and chief sales officer, effective in September.Jarnac joins Intel from Marvell Technology (MRVL), where he served as chief sales officer. He previously held senior sales leadership roles at Broadcom (AVGO) and Advanced Micro Devices (AMD).Greg Ernst will leave Intel after 27 years as part of the transition, Intel said.Price: $101.04, Change: $+1.23, Percent Change: +1.24%

$INTC
Apple Tops Third-Quarter Estimates; IPad, Services Revenue Falls Short
US Markets

Apple Tops Third-Quarter Estimates; IPad, Services Revenue Falls Short

Apple (AAPL) reported strong fiscal third-quarter results amid momentum in iPhone sales, though the company missed estimates for iPad and services revenue.Per-share earnings rose to $2.02 for the quarter ended June 27 from $1.57 a year earlier, compared with the FactSet-polled consensus of $1.89. Net sales climbed 16% to $109.42 billion, ahead of Wall Street's $109.04 billion view."Apple is proud to report our strongest June quarter ever, with double-digit revenue growth across iPhone, Mac and services, and in every geographic segment," Chief Executive Tim Cook said in a statement.John Ternus, senior vice president of Apple's hardware engineering, will become CEO in September as Cook transitions to the executive chairman role.Sales for iPhone rallied to $54.25 billion from $44.58 billion in the year-earlier quarter. Analysts polled by FactSet projected $53.74 billion.IPad revenue declined to $6.19 billion from $6.58 billion, contrary to the Street's average estimate that indicated an increase to $7.10 billion. Mac jumped to $10.35 billion from $8.05 billion, beating market expectations.Services revenue increased to $30.74 billion from $27.42 billion, but fell short of analysts' $31.41 billion view. Overall product sales advanced to $78.68 billion in the third quarter from $66.61 billion a year ago."Our installed base of active devices also reached a new all-time high across all major product categories and geographic segments," Chief Financial Officer Kevan Parekh said.Apple's shares were down 4.4% in after-hours trading and had gained 23% this year through Thursday close.Apple recently increased prices for MacBooks and iPads amid surging memory and storage chip costs. That, combined with expected price increases for iPhone, could slow unit growth, KeyBanc Capital Markets said in a note earlier this month.Morgan Stanley lowered its iPhone shipment forecast for the calendar year 2026 to about 250 million units from 252 million, assuming a "significant" pricing increase for the iPhone 18 model. The consensus estimate is for shipments of 255 million units, Morgan Stanley said in a note last week."We continue to believe that Apple fundamentals are very strong, with myriad price hikes likely to drive upside to revenue and (earnings per share) over the next 6-18 months," Morgan Stanley wrote.Earlier this month, Apple said Broadcom (AVGO) will manufacture more than 15 billion US-made chips for its products, in a deal worth more than $30 billion. Last month, President Donald Trump announced that Apple had agreed to work with Intel (INTC) to design and build chips in the US.

$AAPL$AVGO$INTC
Update: Nasdaq Composite Snaps 6-Day Slump as Microsoft Soars
US Markets

Update: Nasdaq Composite Snaps 6-Day Slump as Microsoft Soars

(Updates with market moves at the end of the day.)The Nasdaq Composite surged Thursday, rebounding after a six-day losing streak, as Microsoft's (MSFT) shares moved 16% higher in a post-earning rally.The technology-heavy Nasdaq gained 2.8% to close at 25,122.18, its biggest single-day percentage gain since June 15. The S&P 500 rose 1.7% to 7,437.63, while the Dow Jones Industrial Average climbed 1.2% to 52,208.06. Among sectors, tech paced the gainers with a 5.2% advance, while communication services led the laggards.Microsoft soared almost 16%, the top gainer on the Dow. Its quarterly results released late Wednesday topped estimates driven by a revenue surge in cloud computing platform Azure."This year, Azure revenue surpassed $100 billion for the first time, and Microsoft 365 Copilot reached over 30 million paid seats, reflecting the confidence customers are placing in us to power their (artificial intelligence) transformation," Chief Executive Satya Nadella said in a statement on Wednesday.Sandisk (SNDK) surged 26%, the top performer on the S&P 500, while other chip-related stocks also logged sharp gains, such as Micron Technology (MU), Advanced Micro Devices (AMD), and Intel (INTC).Meta Platforms' (META) shares slumped 8% as the technology giant provided a soft third-quarter revenue outlook following an unexpected year-over-year decline in quarterly earnings. It raised the lower end of its capital expenditure guidance."Microsoft shows clearer AI revenue through Azure and Copilot, while Meta still depends mainly on advertising," Saxo Bank said in a report.Amazon.com (AMZN) was the Dow's third-biggest gainer, up 3.9%. The e-commerce giant and Apple (AAPL) released their latest quarterly results after the closing bell on Thursday.Treasury yields were mixed, with the 10-year rate up 5.1 basis points at 4.67%, while the two-year rate was little changed at 4.25%.In economic news, the US personal consumption expenditure price index fell 0.1% month over month in June, marking the first decline since April 2020, the Bureau of Economic Analysis reported Thursday. That helped cut the year-over-year rate to 3.7% from 4.1%.Separate data showed US economic growth slowed more than expected in the second quarter, though consumer spending seemed to shrug off intensifying price measures.West Texas Intermediate crude oil was down 0.9% at $83.71 a barrel in Thursday late-afternoon trade, while Brent fell 1.8% to $89.15. Both benchmarks are on track for hefty gains this month, following two consecutive monthly declines.The US carried out fresh strikes against Iran on Wednesday in response to Tehran's attempted missile attacks on US forces in the Middle East a day earlier, the US Central Command said."Elevated energy prices are also clouding the inflation outlook for the (Federal Reserve), keeping upside inflation risks alive, with core PCE inflation having run above the Fed's 2% target for more than five years," TD Economics said. "While the Fed remained on the sidelines this week, financial markets continue to price a rate hike by year-end."The Federal Open Market Committee held the policy rate steady on Wednesday, in a divided decision that included three officials calling for a hike.Spot gold rose 1.1% to $4,113.71 per troy ounce, while silver advanced 2.3% to $59.43 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMD$AMZN$INTC$META$MSFT$MU$SNDK
Japan

US Equity Markets End Higher on Microsoft's Cloud Gains, Semiconductor Rebound

US equity indexes ended higher Thursday after Microsoft (MSFT) posted AI-backed gains and semiconductor stocks rebounded.* Microsoft's intelligent-cloud segment's revenue increased 32% to $39.31 billion, buoyed by 43% growth in Azure and other cloud services.* The personal consumption expenditures price index fell 0.1% in June, as expected, cutting the year-over-year rate to 3.7% from 4.1%.* US initial jobless claims last week rose sequentially to 197,000 from an upwardly revised 188,000, versus expectations for an increase to 200,000 in a Bloomberg poll.* September West Texas Intermediate crude oil fell $0.74 to settle at $83.70 per barrel, while September Brent crude, the global benchmark, was last seen down $1.56 at $89.18.* Chip-related stocks jumped with Sandisk (SNDK) up 26%, the top performer on the S&P 500. Micron Technology (MU), Advanced Micro Devices (AMD) and Intel (INTC) also advanced.* Alnylam Pharmaceuticals (ALNY) shares fell 28%, the biggest drop on the Nasdaq, after the company lowered its full-year 2026 net product revenue guidance.

Dow JonesNasdaq CompositeS&P 500$ALNY$AMD$INTC$MSFT$MU
Update: Equities Rise Intraday as Microsoft's Post-Earnings Rally Lifts Tech Sector
US Markets

Update: Equities Rise Intraday as Microsoft's Post-Earnings Rally Lifts Tech Sector

(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday, supported by the technology's sector's advance as Microsoft (MSFT) shares surged, while traders parsed fresh inflation data.The Nasdaq Composite was up 2.6% at 25,074.4 after midday Thursday, while the S&P 500 rose 1.5% to 7,424.6. The Dow Jones Industrial Average climbed 1.1% to 52,145.7. Among sectors, tech saw the steepest rise with a gain of 5.1%, while communication services led the laggards.Microsoft was up nearly 17%, the top gainer on the Dow and among the best performers on the S&P 500. Its quarterly results released late Wednesday topped estimates driven by a revenue surge in cloud computing platform Azure.Chip-related stocks were sharply higher, with Sandisk (SNDK) surging 25%, the top performer on the Dow. Micron Technology (MU), Advanced Micro Devices (AMD), and Intel (INTC), also advanced.Amazon.com (AMZN) followed Microsoft on the Dow, up 4.9%. The e-commerce giant and Apple (AAPL) are scheduled to release their latest quarterly results after markets close Thursday.Meta Platforms' (META) shares slumped 9.2% intraday as the technology giant provided a soft third-quarter revenue outlook following an unexpected year-over-year decline in quarterly earnings. It raised the lower end of its capital expenditure guidance."Microsoft shows clearer (artificial intelligence) revenue through Azure and Copilot, while Meta still depends mainly on advertising," Saxo Bank said in a report.In economic news, the US personal consumption expenditure price index fell 0.1% month over month in June, marking the first decline since April 2020, the Bureau of Economic Analysis reported Thursday. That helped cut the year-over-year rate to 3.7% from 4.1%."While lower gasoline prices provided a boost to households' purchasing power in June, that support may prove temporary as energy prices have moved higher amid renewed US-Iran tensions," TD Economics said in a report.West Texas Intermediate crude oil was down 0.6% at $83.96 a barrel intraday, while Brent fell 1.2% to $89.67. Both benchmarks are on track for hefty gains this month, following two consecutive monthly declines.The US carried out fresh strikes against Iran on Wednesday in response to Tehran's attempted missile attacks on US forces in the Middle East a day earlier, the US Central Command said."Elevated energy prices are also clouding the inflation outlook for the (Federal Reserve), keeping upside inflation risks alive, with core PCE inflation having run above the Fed's 2% target for more than five years," TD Economics said. "While the Fed remained on the sidelines this week, financial markets continue to price a rate hike by year-end."The Federal Open Market Committee held the policy rate steady on Wednesday, in a divided decision that included three officials calling for a hike.Treasury yields were mixed intraday, with the 10-year rate up 3.9 basis points at 4.66%, while the two-year rate fell 1.3 basis points to 4.22%.In other economic news, US real gross domestic product increased at a 1.5% annualized rate in the quarter ended June, according to an advance government estimate released Thursday. The consensus was for 2% growth in a survey compiled by Bloomberg.Spot gold rose 0.8% to $4,101.62 per troy ounce, while silver advanced 1.5% to $58.94 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMD$AMZN$INTC$META$MSFT$MU$SNDK
Wire

Update: Market Chatter: TSMC Developing AI Chip-Packaging Technology Similar to Intel's

(Updates with TSMC's response to a request for comment.)Taiwan Semiconductor Manufacturing (TSM), or TSMC, is developing advanced AI chip-packaging technology akin to what Intel (INTC) already offers, as it looks to better compete with a distant rival, The Information reported Thursday, citing two people with direct knowledge of the matter.TSMC declined to comment to.(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: $403.03, Change: $+28.36, Percent Change: +7.57%

$INTC$TSM
Sectors

Sector Update: Tech Stocks Sharply Higher Thursday Afternoon

Tech stocks were sharply higher Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 5% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing up 6.9%.The Philadelphia Semiconductor index popped 7.8%.In corporate news, Microsoft (MSFT) shares jumped past 16% after the company reported higher-than-expected fiscal Q4 results in the previous day.Taiwan Semiconductor Manufacturing (TSM) is developing advanced AI chip-packaging technology akin to what Intel (INTC) already offers, as it looks to better compete with a distant rival, The Information reported. Taiwan Semiconductor shares climbed 8%, and Intel gained 13%.Meta Platforms (META) shares fell 9% after it provided a soft Q3 revenue outlook following an unexpected year-over-year decline in quarterly earnings. Meta also raised the lower end of its capital expenditure guidance.

$INTC$META$MSFT$TSM
Update: Dow Extends Advance Following Strong Earnings Reports
US Markets

Update: Dow Extends Advance Following Strong Earnings Reports

(Updates with market moves at the end of the day.)The Dow Jones Industrial Average rose for a third straight session on Tuesday, supported by upbeat earnings reports, a day before the Federal Reserve announces its interest rate decision.The Dow ended the session 1% higher at 52,747.32, while the S&P 500 added 0.2% to 7,428.78. The Nasdaq Composite fell 0.2% to 24,876.91, its fifth consecutive day in the red. Most sectors were in the green, led by health care, while energy saw the sharpest drop.Sherwin-Williams (SHW) jumped 8.3%, the best performer on the Dow and the third-top gainer on the S&P 500, after the paint and coating manufacturer reported stronger-than-expected second-quarter results and raised its full-year outlook.Coca-Cola (KO) and Boeing (BA) were also among the biggest gainers on the Dow, advancing by 5% and 4.8%, respectively.The beverage giant raised its full-year earnings growth outlook as it reported stronger-than-expected second-quarter results. The planemaker's second-quarter loss exceeded Wall Street's estimates, while its free cash flow turned positive.Chip stocks were among notable laggards, with Sandisk (SNDK) down 14%, the worst performer on the S&P 500. Micron Technology (MU) shed 8.9%, Advanced Micro Devices (AMD) declined 8.2% and Intel (INTC) was off by 5.9%.The Federal Open Market Committee's meeting began Tuesday, with a decision due Wednesday. The probability of the central bank leaving its benchmark lending rate unchanged was at about 69%, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool.With markets expecting no change to the Fed's monetary policy settings, the focus will be on the path forward for interest rates.Last month's bout of disinflation "only further complicates expectations for future inflation and the outlook for rates," Stifel said in a report Tuesday."The doves are optimistic that inflation could cool further into year-end as the impact of tariffs rolls off and energy prices stabilize," the brokerage said. "The recent rise in tensions overseas, however, coupled with (artificial intelligence)-sector price pressures suggest further upside inflationary risks remain, shifting the pendulum back into the hawk's camp."West Texas Intermediate crude oil declined 4.4% to $78.99 a barrel in Tuesday late-afternoon trade, while Brent dropped 5.2% to $83.73."The oil market continues to sell off heavily, with the US and Iran continuing to hold off on further strikes," ING said.President Donald Trump said Monday that there was "a good chance" of a deal with Iran as talks continued, Reuters reported.Treasury yields were lower, with the two-year rate down 4.6 basis points at 4.28% and the 10-year rate falling 4.1 basis points to 4.6%.In economic news, US consumer confidence unexpectedly fell in July, with "little improvement" in business conditions expected over the next six months, a survey by the Conference Board showed.Gold fell 1.3% to $4,023.90 per troy ounce, while silver lost 2.3% to $57.35 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$BA$INTC$KO$MU$SHW$SNDK
Update: Equities Mostly Rise Intraday as Fed Meeting Begins
US Markets

Update: Equities Mostly Rise Intraday as Fed Meeting Begins

(Updates with latest market prices and developments.)US benchmark equity indexes were mostly higher intraday as traders tracked fresh earnings reports, while the Federal Reserve kicked off its two-day monetary policy meeting.The Dow Jones Industrial Average was up 1.2% at 52,850.8 after midday Tuesday, while the S&P 500 rose 0.4% to 7,438.8. The Nasdaq Composite was little changed at 24,937.7. Most sectors were in the green, led by health care, while energy saw the sharpest drop.Sherwin-Williams (SHW) jumped 8.7%, the best performer on the Dow and the S&P 500, after the paint and coating manufacturer reported stronger-than-expected second-quarter results and raised its full-year outlook.Boeing (BA) and Coca-Cola (KO) were also among the biggest gainers on the Dow.The planemaker's second-quarter loss exceeded Wall Street's estimates, while its free cash flow turned positive. The beverage giant raised its full-year earnings growth outlook as it reported stronger-than-expected second-quarter results.Chip stocks were among notable laggards intraday, with Sandisk (SNDK) down 14%, the second-worst performer on the S&P 500. Micron Technology (MU) shed 8.8%, Advanced Micro Devices (AMD) declined 7.2% and Intel (INTC) was off by 4.9%.The Federal Open Market Committee's meeting began Tuesday, with a decision due Wednesday. The probability of the central bank leaving its benchmark lending rate unchanged was at about 70%, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool.With markets expecting no change to the Fed's monetary policy settings, the focus will be on the path forward for interest rates.Last month's bout of disinflation "only further complicates expectations for future inflation and the outlook for rates," Stifel said in a report Tuesday."The doves are optimistic that inflation could cool further into year-end as the impact of tariffs rolls off and energy prices stabilize," the brokerage said. "The recent rise in tensions overseas, however, coupled with (artificial intelligence)-sector price pressures suggest further upside inflationary risks remain, shifting the pendulum back into the hawk's camp."West Texas Intermediate crude oil declined 4.8% to $78.64 a barrel intraday, while Brent dropped 5.4% to $83.60."The oil market continues to sell off heavily, with the US and Iran continuing to hold off on further strikes," ING said.President Donald Trump said Monday that there was "a good chance" of a deal with Iran as talks continued, Reuters reported.Treasury yields were lower intraday, with the two-year rate down 5.2 basis points at 4.27% and the 10-year rate falling 3.9 basis points to 4.6%.In economic news, US consumer confidence unexpectedly fell in July, with "little improvement" in business conditions expected over the next six months, a survey by the Conference Board showed.Visa (V), NXP Semiconductors (NXPI) and automaker Ford (F), among others, are expected to release their earnings after market close.Gold fell 1% to $4,036.10 per troy ounce, while silver lost 2% to $57.55 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$BA$F$INTC$KO$MU$NXPI$SHW$SNDK$V
Asia Markets

Update: US Equity Futures Mixed Pre-Bell as Halt in Middle East Hostilities Holds, Semiconductor Stocks Drop

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mixed pre-bell Tuesday as the pause in hostilities between the US and Iran appeared to hold, while semiconductor-related stocks once again declined.Dow Jones Industrial Average futures were 0.9% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.7% lower.President Donald Trump said late Monday that the US was having "good talks" with Iran, with a "good chance" that a deal could be made, but warned that US attacks would resume if negotiations failed. Iran's Foreign Ministry said Tuesday it had discussions with Saudi Arabia and Oman regarding maritime passage on the Strait of Hormuz.Traders digested the latest round of earnings, with Coca-Cola (KO) posting higher fiscal Q2 comparable earnings and revenue.Visa (V) is expected to report its fiscal Q3 earnings after the market closes. Analysts polled by FactSet expect earnings of $3.23 per share on revenue of $11.4 billion.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.2% at $83.96 per barrel and US West Texas Intermediate crude 1.8% lower at $81.12 per barrel.The US advance international trade in goods deficit narrowed to $101.46 billion in June from $105.89 billion in May, according to data released by the US Census Bureau.The May S&P Case-Shiller home price index is scheduled for release at 9 am ET. The July consumer confidence index, due at 10 am ET, is projected to rise to 92.4 from 91.2. The Richmond Fed manufacturing index for July is also scheduled to be released at 10 am ET.In other world markets, Japan's Nikkei closed 4% lower, Hong Kong's Hang Seng ended 0.4% higher, and China's Shanghai Composite finished 1.2% lower. Meanwhile, the UK's FTSE 100 was up 0.5%, and Germany's DAX index was 0.1% higher in Europe's early afternoon session.In equities, Micron Technology (MU), AMD (AMD), and Intel (INTC) stocks were all down in premarket activity as part of a wider drop in the semiconductor sector. Micron shares fell 6.7%, AMD stock was down 4.3%, and Intel shares were 5.2% lower.On the winning side, Coca-Cola shares rose 4.2% after the company reported better-than expected comparable earnings and net operating revenue for Q2, as well as raised its comparable EPS growth outlook and organic revenue growth outlook for 2026. Microsoft (MSFT) was up 1.8% after the company introduced Project Perception, an AI-powered cybersecurity platform designed to detect, assess and respond to cyber threats in real time as attackers increasingly use AI to automate attacks. Johnson & Johnson (JNJ) shares were up 1.9% after the company said it has agreed to commit up to $5.5 billion to settle about 76,000 lawsuits that alleged its talc products caused ovarian cancer, aiming to bring finality to the 15-year litigation.

Dow JonesNasdaq CompositeS&P 500$AMD$INTC$KO$MSFT$MU$V
Stocks Mostly Down Pre-Bell Amid Chip Sell-Off; Traders Await More Earnings
US Markets

Stocks Mostly Down Pre-Bell Amid Chip Sell-Off; Traders Await More Earnings

US equity futures were mostly tracking in the red on Tuesday amid a selloff in chip stocks over concerns about artificial intelligence financing, while traders await the latest batch of corporate earnings.The S&P 500 declined 0.2% and the Nasdaq fell 0.9% in premarket activity, while the Dow Jones Industrial Average edged up 0.1%. The indexes finished the previous trading session mixed.Shares of Nvidia (NVDA) were down 0.9% pre-bell after closing Monday with a nearly 5% decrease. The tech bellwether is reportedly in talks to provide a roughly $250 billion backstop for OpenAI as part of a data-center project, raising concerns about "circular financing," in which suppliers are also major investors in their customers.Sandisk (SNDK) slipped 7.2% while Intel (INTC) was off 4.1%. Marvell Technology (MRVL) shed 4.9% and Qualcomm (QCOM) declined 2.9%. Advanced Micro Devices (AMD) dropped about 4%.West Texas Intermediate crude oil declined 2.2% to $80.86 a barrel before the opening bell, while Brent slid 2.3% to $86.32.US President Donald Trump told Axios on Monday that the US is in "very deep talks" with Iran, though he said military action could resume if diplomacy fails. His remarks came as the US apparently halted strikes against Iran."While this is the first tangible signal of de-escalation, the reasons behind it are less clear," ING Bank said in a report on Monday. "There's little explanation from the US. Also, it hasn't yet led to any meaningful pickup in vessel flows through the Strait of Hormuz."Tehran's foreign ministry continued to hold discussions with Saudi Arabia and Oman on Tuesday over the future of the Strait of Hormuz, CNBC reported.Coca-Cola (KO), Boeing (BA), S&P Global (SPGI), United Parcel Service (UPS), Royal Caribbean Cruises (RCL), Sherwin-Williams (SHW) and PayPal (PYPL) are some of the major companies scheduled to report their latest financial results Tuesday. Visa (V), NXP Semiconductors (NXPI) and automaker Ford (F) are expected to release their earnings after the markets close.The Federal Reserve's monetary policy committee is set to kick off its meeting on interest rates today, with a decision due Wednesday. The probability of the central bank leaving its benchmark lending rate unchanged currently stands at 64%, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool.UBS Securities said Monday it expects three dissents as a base case, but won't be surprised to see two more pushing for a rate hike.Treasury yields were down in premarket action, with the two- and 10-year rates retreating 1.9 basis points each to 4.3% and 4.62%, respectively.Tuesday's economic calendar also has the international trade in goods data, as well as the retail and wholesale inventories reports, all for June, at 8:30 am ET. The Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index, both for May, post at 9 am.The consumer confidence report for July is out at 10 am, along with the Richmond Fed manufacturing index for the same month.Gold moved down 1.4% to $4,021 per troy ounce, while bitcoin dropped 2.2% to $63,463.

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Research

Citic Securities Upgrades Intel to Buy From Add, Adjusts Price Target to $136 From $82

Intel (INTC) has an average rating of hold and mean price target of $119.98, according to analysts polled by FactSet.

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Wire

Top Midday Stories: US Imposes New Set of Tariffs on 60 Countries; Intel Posts Strongest Revenue Growth in 15 Years

All three major US stock indexes were up in late-morning trading Friday as the US imposed a new set of tariffs on 60 trade partners.In a Thursday statement, the Office of the US Trade Representative announced new tariffs on 60 countries over alleged "failure to impose and effectively enforce a prohibition on the importation of goods produced with forced labor." The duties took effect at 12:01 a.m. ET Friday, replacing President Donald Trump's 10% global tariffs, which expired on the same day, MS Now reported. Countries that have committed to prohibit forced labor were hit with a 10% tariff, while those that have not committed received a rate of 12.5%.In company news, Intel (INTC) posted fiscal Q2 adjusted earnings late Thursday of $0.42 per share, swinging from a loss of $0.10 a year earlier, and surpassing the FactSet consensus analyst estimate of $0.22. Fiscal Q2 revenue was $16.13 billion, up from $12.86 billion a year ago and above the FactSet consensus of $14.44 billion. For fiscal Q3, the company expects an adjusted EPS of $0.38 on revenue of $15.8 billion to $16.8 billion. Analysts expect $0.27 and $15.08 billion, respectively. "Our (second-quarter) results represent our strongest revenue growth in more than fifteen years, enabled by greater speed, accountability, and customer focus," Chief Executive Lip-Bu Tan said. Sales for the data center and AI segment surged 59% to $6.26 billion in the second quarter, while client computing and physical AI group increased 13% to $8.88 billion. Revenue for the foundry business rose 31% to $5.77 billion. "AI-driven compute continues to strengthen, and to support expected growth this year and next across products and foundry, we are meaningfully increasing our investments in equipment, clean room space, and substrates," Chief Financial Officer Dave Zinsner said. Intel shares were down 3.5% around midday.Oracle (ORCL) has secured a 10-year enterprise software contract worth about $7 billion with the US Department of Defense, the company said late Thursday. The agreement has a base value of $3.31 billion for the first five years and an overall value of $6.99 billion if all options are exercised. The contract will allow the Department of Defense organizations and contractors to procure Oracle's commercial offerings, including on-premises software and software-as-a-service applications, according to the company. The deal enables "a more standardized and efficient path" for the agency to obtain Oracle's cloud and artificial intelligence technology to support its mission-critical objectives, the company's executive vice president of government, defense and intelligence, Kim Lynch, said. Oracle shares were down 1.3%.SpaceX (SPCX) has begun limiting future commercial bookings for its Falcon 9 rocket beyond 2028 as it shifts its long-term launch strategy toward the Starship vehicle, Bloomberg reported Thursday, citing people familiar with the matter. The company is no longer accepting future Falcon 9 launch reservations, including bookings for its rideshare program, and has stopped making certain non-reusable Falcon components. SpaceX could still use Falcon rockets for Department of Defense and NASA missions, while noting its plans could change if Starship development faces further setbacks, according to the report. SpaceX shares were down 4.5%.American Express (AXP) reported Q2 earnings Friday of $4.53 per diluted share, up from $4.08 a year earlier and above the FactSet consensus analyst estimate of $4.40. Q2 net revenue was $19.64 billion, up from $17.86 billion a year ago and below the FactSet consensus of $19.7 billion. The company maintained its full-year EPS guidance at a range of $17.30 to $17.90, and raised its revenue growth outlook to 10%. Analysts expect EPS of $17.72. Card member spending gains of 9%, increased net interest income and card fee growth boosted the top line in the second quarter. "Based on our better-than-expected performance in the first half of the year, we are raising our full-year revenue growth guidance," Chief Executive Stephen Squeri said, adding that the firm plans to invest in growth initiatives as it sees "significant" opportunities ahead. American Express shares were down 5%.Verizon Communications (VZ) reported Q2 adjusted earnings Friday of $1.30 per share, up from $1.22 a year earlier, and above the FactSet consensus estimate of $1.28. Q2 operating revenue was $34.25 billion, down from $34.50 billion a year ago and below the FactSet consensus of $35.16 billion. The company said it expects full-year adjusted EPS of $4.99 to $5.04, compared with prior outlook of $4.95 to $4.99. Analysts expect $4.98. Verizon shares were up 3.5%.Amkor Technology (AMKR) said late Thursday it has entered into a multi-year strategic partnership with Nvidia (NVDA) to develop advanced semiconductor packaging and test technologies for next-generation AI and accelerated computing platforms. According to the agreement, Nvidia will offer a prepayment to support the expansion of Amkor's US advanced packaging capacity. Amkor shares were up 0.3%, while Nvidia shares were up 0.2%.Price: $97.10, Change: $-3.13, Percent Change: -3.12%

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Wire

Update: Wedbush Raises Intel Price Target to $98 From $60 After 'Strong Results', Neutral Rating Kept

(Updated to include Wedbush commentary)Wedbush raised its price target on Intel (INTC) to $98 from $60 following "strong" Q2 results and guidance.While expecting fundamentals to remain positive for the company, the brokerage maintains its neutral stance as it still struggles to justify the company's valuation, particularly relative toits peers.Intel has an average rating of hold and mean price target of $116.23 according to analysts polled by FactSet.Price: $96.45, Change: $-3.78, Percent Change: -3.77%

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