Key TakeawaysIntel shares surged nearly 8% in extended trading on Monday, adding to big gains during regular trading, after the embattled chipmaker’s CEO Pat Gelsinger provided an update on the company’s plans to slash costs and turn around its business.Although the shares hit a new multi-year low this month, they have made a partial recovery to currently trade near their September high, potentially forming a hammer, a candlestick pattern that suggests a bullish reversal.Investors should monitor important s ...

Monday, September 16th, 2024Markets performed by the end of today’s regular trading session in-line with how they began the trading week this morning: mixed. Only the Nasdaq spent the entire day in the red. The Dow gained +228 points, +0.55%, to 41,622 — a fresh record high. The Nasdaq dropped -91 points today, -0.52%. The S&P 500 and small-cap Russell 2000 wound up +0.13% and +0.38%, respectively.Intel Stock Sees Chips Act Windfall, Joins with AWSA co-investment between microchip giant Intel (INTC Quick Qu ...

Key TakeawaysIntel shares surged in extended trading Monday after CEO Pat Gelsinger offered an update on the company’s turnaround plans. Gelsinger said Intel has made progress in lowering costs through layoffs, trimming its real estate footprint, and selling part of its stake in Altera, among other moves.The company also plans to turn its chipmaking arm into a separate subsidiary and said it would produce chips for Amazon, as well as the U.S. military. Intel (INTC) shares surged in extended trading Monday a ...

Key TakeawaysThe S&P 500 edged 0.1% higher on Monday, Sept. 16, 2024, little changed ahead of the Federal Reserve's pivotal interest-rate decision this week.Intel shares soared after the chipmaker secured a federal grant to produce semiconductors for the U.S. military.Shares of Apple and its component suppliers moved lower as analysts pointed to softness in iPhone 16 pre-orders. Major U.S. stock indexes were mixed on Monday as the Federal Reserve prepares for its meeting this week, with a crucial decision o ...

The Biden Administration on Monday awarded Intel up to an additional $3 billion under the CHIPS and Science Act for the "Secure Enclave" program which is designed to expand the supply of microelectronics for the U.S. Department of Defense.Shares of Intel jumped 8% in extended trading after the company announced it's creating a separate entity for its foundry business, which could allow it to raise outside funding.Intel is building foundry plants in four states as part of its project to increase domestic sem ...

Intel CEO Pat Gelsinger, holding the "Gaudi 3" AI chip, speaks during the 54th Annual Meeting of the Semafor 2024 World Economy Summit in Washington, D.C., on April 17, 2024.Intel shares jumped almost 10% in extended trading on Monday after the company said it plans to turn its foundry business into an independent unit with its own board and the potential to raise outside capital. As part of CEO Pat Gelsinger's effort to turn around the struggling chipmaker, Intel said in a memo to employees that it will al ...

Mitsuru Sakurai/DigitalVision via Getty Images Intel (NASDAQ:INTC) doesn't need much introduction, as the Company has been stealing financial media attention for quite some time. One of the leading global semiconductor players experienced severe headwinds, resulting in significant stock price drops. Intel recorded over 60% stock price decreases in the last 5 years and YTD. Data by YChartsData by YCharts What Happened To Intel? Financial reflection Author based on INTC Intel reached its revenue peak in 2 ...

Key TakeawaysIntel has reportedly won $3.5 billion in grants from the Pentagon to manufacture chips for the U.S. military.Bloomberg reported that Intel's work will be part of the government's Secure Enclave program, which aims to produce advanced chips with military and intelligence applications. The contract comes on top of the potential $8.5 billion in grants and $11 billion in loans that Intel was awarded earlier this year from the CHIPS and Science Act of 2022. Shares of Intel (INTC) advanced Monday, ai ...

It might be time to be greedy when others are fearful.In this video, I will talk about Intel (INTC 3.79%) and explain why I remain bullish despite the many headwinds. Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Sept. 13, 2024. The video was published on Sept. 16, 2024. ...

Intel Corp (NASDAQ:INTC) stock was last seen up 3.8% at $20.40, after Bloomberg reported the chip name qualified for $3.5 billion in federal grants to produce chips for the Pentagon. Specifically, Intel will develop advanced chips for U.S. military and intelligence uses. Today's pop has Intel stock further removing itself from its recent Sept. 10, 14-year low of $18.51. The shares have yet to recover from their massive 26.2% post-earnings bear gap in early August, and are down 59.3% since the start of the y ...