Lisa Su, CEO, AMD Scott Mlyn | CNBC AMD surpassed Intel’s market cap on Friday. AMD stock rose over 3% for the day, giving the chipmaker a market capitalization of $153 billion. Intel fell nearly 9%, a day after disastrous earnings that missed expectations for profit and showed declining revenue. Intel’s market cap was $148 … Read more
Lisa Su, CEO, AMD Scott Mlyn | CNBC AMD surpassed Intel’s market cap for the time on Friday. AMD stock rose over 3% for the day, giving the chipmaker a market capitalization of $153 billion. Intel fell nearly 9%, a day after disastrous earnings that missed expectations for profit and showed declining revenue. Intel’s market … Read more
Congress may soon vote on the $52 billion CHIPS Act—but will it help? | Fortune You need to enable JavaScript to view this site.
Intel CEO threatens to expand in Europe over US without federal chip funding | Fortune You need JavaScript enabled to view it.
Pat Gelsinger, CEO, of Intel Corporation, holds a semiconductor chip while testing during the Senate Commerce, Science, and Transportation hearing titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Intel CEO Pat Gelsinger told CNBC on Friday he … Read more
Intel processor chip for Samsung is seen in this illustration photo in Antalya, Turkey on December 06, 2019 Getty Images Intel announced Tuesday that it plans to invest over 33 billion euros ($ 36 billion) into boosting chipmaking across the European Union as the bloc looks to become more self-reliant when it comes to semiconductors. … Read more
Intel, Pat Gelsinger push story of revival to skeptical Wall Street | Fortune You need JavaScript enabled to view it.
Check out the companies making headlines before the bell: DraftKings (DKNG) – The sports betting company’s stock tumbled 13.2% in the premarket, despite a narrower-than-expected quarterly loss and revenue that beat estimates. DraftKings projects a wider-than-expected adjusted loss for the full year as costs continue to rise. Roku (ROKU) – Roku shares were down 26% … Read more
The supply chain guru has spoken. Apple CEO Tim Cook on Thursday eased investors’ fear that supply chain problems rattling industries across the globe are starting to improve for the iPhone maker. Cook told CNBC he expects supply constraints to improve compared to the December quarter. And boy did Apple investors like that. Apple shares … Read more
Microsoft, Apple, Tesla set to report earnings amid tech selloff | Fortune You need JavaScript enabled to view it.