Category: Latest News
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Chip Stocks Rally as Nvidia Backs Intel with $5 Billion Investment
Shares in the semiconductor sector gained momentum in premarket trading Thursday after Nvidia (NASDAQ:NVDA) announced a $5 billion investment in Intel (NASDAQ:INTC) and revealed a collaboration to develop next-generation chips for PCs and data centers. Intel led the surge, climbing more than 31% to trade above $32 per share, a level not seen since July…
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Taiwan Semiconductor Shares Drop as Nvidia Partners with Intel
Taiwan Semiconductor Manufacturing (NYSE:TSM) saw its stock decline 2.9% Thursday morning, following news of a strategic alliance between Nvidia (NASDAQ:NVDA) and Intel (NASDAQ:INTC) that could challenge TSM’s leading position in chip manufacturing. The partnership involves developing multiple generations of custom data center and PC products. Intel will produce Nvidia-specific x86 CPUs for AI infrastructure platforms…
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AMD Shares Slide Amid Nvidia-Intel Strategic Alliance
Advanced Micro Devices (NASDAQ:AMD) saw its stock drop 5% Thursday morning following the announcement of a new strategic partnership between rivals Nvidia (NASDAQ:NVDA) and Intel (NASDAQ:INTC) aimed at jointly developing AI infrastructure and personal computing solutions. The collaboration between two of AMD’s primary competitors has sent waves through the semiconductor industry. Intel shares surged 30%,…
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Intel Soars as Nvidia Unveils $5 Billion Investment and Joint Chip Development Plan
Intel (NASDAQ:INTC) stock skyrocketed 30% on Thursday after Nvidia (NASDAQ:NVDA) revealed it would invest $5 billion in the chipmaker as part of a strategic partnership to co-develop both data center and PC chips. The announcement comes just weeks after Intel secured backing from the U.S. government. According to Nvidia’s statement, the investment will be made…
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U.S. Jobless Claims Decline, But Not as Much as Forecast
Fresh data from the Labor Department on Thursday showed that new applications for unemployment benefits in the U.S. dropped in the week ending September 13, though the decline was smaller than many analysts had projected. Initial jobless claims came in at 231,000, down 33,000 from the prior week’s revised figure of 264,000. Economists had been…
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Dow Jones, S&P, Nasdaq, Futures, Tech Rally Set to Boost Wall Street Open as Intel Shares Skyrocket
U.S. equity futures pointed to a positive start on Thursday, with technology stocks expected to drive early gains after a turbulent session the previous day ended with mixed results. Nasdaq 100 futures were up 1.1%, signaling that tech names could lead the rally. The strength comes largely from Intel (NASDAQ:INTC), whose stock soared more than…
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Goldman warns of pitfalls in Trump’s plan to eliminate U.S. quarterly reports
Goldman Sachs has cautioned that President Donald Trump’s proposal to end quarterly reporting requirements for U.S. companies could produce unintended consequences, citing Europe’s inconsistent disclosure practices as an example of how less frequent reporting can confuse investors without improving long-term results. In Europe, roughly half of STOXX 600 firms release quarterly updates, while the other…
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Alphabet shares rise after China reportedly ends antitrust probe on Google
Alphabet Inc. (NASDAQ:GOOGL) saw its shares edge higher after reports indicated that Chinese authorities have decided to terminate an antitrust investigation into Google, as Beijing and Washington intensify talks on trade, TikTok, and Nvidia (NASDAQ:NVDA), according to the Financial Times on Thursday, citing sources familiar with the matter. The probe, launched in February by China’s…
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U.S. Judge Rules Against Amazon in FTC Prime Case Ahead of Trial
A U.S. federal judge on Wednesday ruled in favor of the Federal Trade Commission in its lawsuit against Amazon (NASDAQ:AMZN), finding that the e-commerce giant violated consumer protection laws in the enrollment of customers for its Prime subscription service. Judge John Chun determined that Amazon breached the Restore Online Shoppers’ Confidence Act by collecting payment…
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General Mills exploring stake acquisition in India’s Balaji Wafers
General Mills Inc (NYSE:GIS) is reportedly in discussions to acquire a stake in Indian snack leader Balaji Wafers, according to the Economic Times on Thursday. The American food company is joining several other potential buyers seeking a piece of the Indian snack giant. The talks involve General Mills negotiating with Balaji’s founders to purchase a…