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Stocks

“Intel Crashed 30%. Is the Stock a Sell or a Bad-News Buy?”

https://finance.yahoo.com/news/intel-crashed-30-stock-sell-091500373.html I’m not going to read this. I don’t think it is. My opinion on long term stocks is unless its energy or commodes in general its better to wait to invest after the market crashes. There are exceptions but… Continue Reading…

Stocks

“Intel has worst day on Wall Street in 50 years, falls to lowest price in over a decade” [Aug 2 2024]

“…The stock plummeted 26% to $21.48 at the close. It was the second worst day ever for the shares, behind only a 31% drop in July 1974, which was three years after Intel’s IPO. The company’s market cap is now… Continue Reading…

Business, Economy

“Intel to Cut Thousands of Jobs to Reduce Costs, Fund Rebound”

“…The workforce reduction may be announced as early as this week, according to people familiar with the company’s plans, who asked not to be identified because the information isn’t public. Intel, which is scheduled to report second-quarter earnings Thursday, has… Continue Reading…

Business, Stocks

‘Intel shares fall after company reveals $7 billion operating loss in foundry business”

“Intel shares fell 4% at one point in extended trading Tuesday after the company revealed long-awaited financials for its semiconductor manufacturing business, commonly called the foundry business, in an SEC filing. Intel said its foundry business recorded an operating loss of $7 billion… Continue Reading…

Business

“Intel awarded up to $8.5 billion in CHIPS Act grants, with billions more in loans available”

“The White House said Intel has been awarded up to $8.5 billion in CHIPS Act funding, as the Biden administration ramps up its effort to bring semiconductor manufacturing to U.S. soil. Intel could receive an additional $11 billion in loans from the CHIPS and… Continue Reading…

Business

“Intel closes up 9% after earnings beat shows progress toward $3 billion in cost savings”

“Intel stock closed up 9.3% on Friday after the company beat Wall Street expectations for profit and sales. On Thursday, the chipmaker reported earnings per share of 41 cents, adjusted, versus the LSEG estimate of 22 cents. It posted $14.16 billion in revenue… Continue Reading…

Business, Stocks

“Nvidia earnings [Up,] scare away AMD, Intel investors as legacy chipmakers lose ground in AI

“Developers in the world of artificial intelligence can’t get enough of Nvidia’s processors. Demand is so strong that the company said late Wednesday that revenue in the current quarter will jump 170% to roughly $16 billion. Nvidia shares rose more than 2% on Thursday before slumping… Continue Reading…

Business

“Intel jumps 7% as it returns to profitability after two quarters of losses”

“…For the third quarter, Intel expects earnings of 20 cents per share, adjusted, on revenue of $13.4 billion at the midpoint, versus analyst expectations of 16 cents per share on $13.23 billion in sales. Intel posted net income of $1.5… Continue Reading…

Stocks

“Barron’s Picks And Pans: Exxon Mobil, GameStop, Intel, 3M, Toll Brothers And More”

“”3M Stock Is Unloved and Underpriced. Here’s Why It Could Shoot Up Higher” by Ben Levisohn discusses why 3M Co (NYSE: MMM) stock could be poised to ride an economic rebound. After all, the conglomerate makes the adhesives, abrasives and chemicals that companies… Continue Reading…

Business, Economy

“Nvidia, AMD, Intel Tumble After Microsoft’s Virus-Related Sales Warning”

“Shares of chipmakers that make processors for personal computers and other devices that run on Microsoft software plunged on Thursday after the world’s most valuable tech company warned the coronavirus will have a negative impact on sales and earnings. Shares… Continue Reading…