Intel fell 10% on Friday after it reported third quarter earnings on Thursday that revealed an unexpected drop in its data centre segment. The segment had posted strong growth in the first half of 2020, but capacity digestion led to a significant decline in the third quarter, and Intel guided […]
Chip producer Xilinx leaped as much as 17% in early Friday trading after The Wall Street Journal reported Advanced Micro Devices is in talks to buy the firm for more than $US30 billion. A deal could come together as soon as next week and mark the latest major acquisition in […]
The S&P 500 and Nasdaq composite indexes extended records on Wednesday after closing at all-time highs on Tuesday. Traders are still watching for signs that Congress will reach a deal on another coronavirus pandemic stimulus bill soon. The August ADP employment report showed that US companies added 428,000 jobs last […]
Advanced Micro Devices shares surged as much as 17% to a record high on Friday after rival firm Intel announced its next-generation processors are delayed. AMD led the Nasdaq composite and S&P 500 through the session and now sits up 50% year-to-date. Intel’s announcement marred an otherwise positive earnings report. […]
Intel reported quarterly earnings on Thursday that beat Wall Street expectations for revenue and earnings per share. But the company also said the release of its next-generation chips would be delayed by six months. Shares of the company fell 14% in premarket trading Friday. The company also gave a weaker-than-expected […]
Intel reported fiscal fourth-quarter and full-year 2019 earnings Thursday that beat Wall Street’s expectations for the chipmaker. Shares gained as much as 8% in early trading Friday. The company gave a rosy outlook for Q1 2020 earnings, and announced a 5% increase to its quarterly dividend. Watch Intel trade live […]
