Key Points Nvidia is investing $5 billion in Intel. The two companies are partnering in products in the data center and PCs. The move gives Intel a much-needed lifeline. 10 stocks we like better than Intel › Apparently, the federal government isn't the only one that thinks Intel (NASDAQ: INTC) is worth saving. Just weeks after the U.S. government made an $8.9 billion investment in Intel, a rare move by the federal government to invest in a private company, Nvidia (NASDAQ: NVDA) is following suit ...

Market Overview - Wall Street reached record-high closes following the Federal Reserve's first interest-rate cut of 2025 and Nvidia's announcement of a $5 billion investment in Intel, leading to a significant rally in major indexes [1][2] - The rate cut was influenced by signs of a softening jobs market and lower unemployment claims, raising expectations for further easing [2] Company Highlights Intel - Intel's stock surged nearly 23%, marking its largest one-day gain since 1987, after Nvidia's CEO Jensen Huang announced a partnership where Nvidia will become a "very large customer" of Intel CPUs [4] - The partnership will involve Nvidia supplying "GPU chiplets" for integration into Intel's products, combining Intel's x86 hardware with Nvidia's graphics and AI components [4] FedEx - FedEx reported Q1 fiscal 2026 revenue of $22.2 billion and adjusted earnings per share of $3.83, exceeding expectations of $3.62, driven by cost savings and stronger domestic parcel volumes [5] - The company also completed $500 million in buybacks and reaffirmed a revenue growth outlook of 4–6% for the year [5] IonQ - IonQ's shares jumped to all-time highs after signing a memorandum of understanding with the U.S. Department of Energy to demonstrate quantum-secure communications from space [6] - The company also acquired Vector Atomic, enhancing its quantum sensing capabilities [6] Bearish Trends Cracker Barrel - Cracker Barrel's shares fell sharply after its fiscal Q4 results showed revenue of $868.09 million, beating expectations, but adjusted earnings of $0.74 per share missed the $0.80 estimate [7] - The company provided soft guidance for fiscal 2026, projecting revenue between $3.35–$3.45 billion and adjusted EBITDA of $150–$190 million [7] Dave & Buster's - Dave & Buster's stock dropped approximately 15.25% after Q2 results revealed revenue of $557.41 million, missing the consensus of $562.78 million, and adjusted earnings per share of $0.40, falling short of the $0.92 expected [8] Nucor - Nucor's stock plunged after the company forecasted Q3 earnings of $2.05 to $2.15 per share, significantly below the Wall Street estimate of $2.61, citing expected earnings declines across all operating segments [9][10]