SoftBank Invests $2 Billion in Intel
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Major U.S. equities indexes were mixed Tuesday as tech sector losses weighed on their performance. The S&P 500 ended the session 0.6% lower, while the tech-heavy Nasdaq dropped 1.5%. The Dow held onto a fractional gain.
Live Updates Live Coverage Has Ended Tuesday Wrap-up 4:12 pm The Vanguard S&P 500 ETF closed at 588.15 Tuesday, down 0.5%. Softbank Rides to Intel's Rescue 12:10 pm “Great minds think alike,” goes the old saying,
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“I Appreciate the Confidence…” Intel Stock (NASDAQ:INTC) Surges as SoftBank Buys In
It was big news for chip stock Intel ($INTC) today as the formerly cash-strapped giant landed a hefty new slug of funding from no less than
Shining a Spotlight on Intel Intel (NASDAQ:INTC) has emerged from the shadows of its semiconductor rivals, capturing the attention of investors and policymakers alike. After years of struggling to keep pace with competitors like Nvidia (NASDAQ:NVDA) and Taiwan Semiconductor Manufacturing (NYSE:TSM),
President Trump's tariffs continue to affect global markets and the economy. Follow for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
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Why Intel (INTC) Stock Is Trading Up Today
What Happened? Shares of computer processor maker Intel (NASDAQ:INTC) jumped 12.2% in the morning session after Japanese tech conglomerate SoftBank Group announced a $2 billion investment in the company.
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Why Intel Stock Is Soaring Today
SoftBank is investing $2 billion in Intel at $23 per share, signaling confidence in an artificial intelligence (AI) turnaround. Will it be what Intel needs?
President Trump's tariffs continue to affect global markets and the economy. Follow for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Rebrand; that was the word of the day at chip stock Intel ($INTC) as news of multiple rebranded chips emerged. Whether it was a line heading to
In a just-breaking development, Bloomberg reports the Trump administration may take a 10% stake in Intel (NASDAQ: INTC) -- which perversely is down 3.9% on the news, at least as of 12:35 p.m. ET. Probably not the reaction that either the Trump administration or Intel itself anticipated.
Shares of Intel (NASDAQ:INTC) were on track to snap six days of gains, as the stock fell more than 2.7% to $23.92 in Monday afternoon trade. The chipmaker gained more than 23% in the last six trading sessions.
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