US stocks were mixed on Friday, as Wall Street capped a turbulent week stoked by President Trump's heated pursuit of Greenland, while chipmaker Intel (INTC) sank after its earnings disappointment. The Dow Jones Industrial Average (^DJI) retreated roughly 0.6%. The S&P 500 (^GSPC) rose slightly, and the Nasdaq Composite (^IXIC) gained 0.2%. All three major indexes posted back-to-back weekly losses. Intel posted worse-than-expected first quarter guidance late Thursday, raising concerns about its turnarou ...

US stock futures slipped on Friday, as chipmaker Intel's (INTC) disappointing earnings put Wall Street on the back foot after turbulent week stoked by President Trump's heated pursuit of Greenland. Dow Jones Industrial Average futures (YM=F) retreated roughly 0.2%. Contracts on the S&P 500 (ES=F) and the Nasdaq 100 (NQ=F) both dropped 0.1% as tech stocks lost some shine. Intel posted a worse-than-expected outlook late Thursday, weighing on tech sentiment. The chip giant swung to a quarterly loss as it s ...

US stocks were mixed on Friday, as Wall Street capped a turbulent week stoked by President Trump's heated pursuit of Greenland while chipmaker Intel's (INTC) sank after its earnings disappointment. The Dow Jones Industrial Average (^DJI) retreated roughly 0.5%. The S&P 500 (^GSPC) hovered above the flat line, and the Nasdaq Composite (^IXIC) rose 0.5%. Intel posted worse-than-expected first quarter guidance late Thursday, raising concerns about its turnaround. The chip giant swung to a quarterly loss as ...

Intel CEO Lip-Bu Tan holds a wafer of CPU tiles for the Intel Core Ultra series 3, code-named Panther Lake, outside the Intel Ocotillo campus in Chandler, Arizona. Panther Lake is the first client system-on-chips (SoCs) built on the Intel 18A process node.Wall Street is piling into Intel ahead of the chipmaker's quarterly earnings report scheduled for after the close on Thursday.The stock jumped about 10% on Wednesday to its highest since January 2022, continuing a rally that lifted it 84% last year, and br ...

Market Overview - U.S. stock futures rose on Monday following Friday's advances, with major benchmark indices showing positive movement [1] - The 10-year Treasury bond yielded 4.01%, while the two-year bond was at 3.47% [1] - The CME Group's FedWatch tool indicates a 98.9% likelihood of the Federal Reserve cutting interest rates in October [1] Futures Performance - Dow Jones increased by 0.18%, S&P 500 by 0.25%, Nasdaq 100 by 0.32%, and Russell 2000 by 0.66% [2] - SPDR S&P 500 ETF Trust (SPY) rose 0.21% to $665.81, while Invesco QQQ Trust ETF (QQQ) advanced 0.34% to $605.98 [2] Stocks in Focus - Cleveland-Cliffs Inc. (CLF) rose 1.13% in premarket, expected to report a quarterly loss of 48 cents per share on revenue of $4.90 billion [7] - Micron Technology Inc. (MU) increased by 3.27% after announcing it will stop providing server chips to data centers in China [7] - Moderna Inc. (MRNA) was up 0.65% due to the government's renewed national immunization strategy against COVID-19 variants [7] - Bitmine Immersion Technologies Inc. (BMNR) jumped 6.10% after announcing a forthcoming staking solution [8] Sector Performance - The market ended positively on Friday, with Consumer Staples as the top-performing sector, gaining 1.23% [10] - S&P 500 operating earnings are expected to hit a record high, up 10% over the last year [13] Economic Indicators - Upcoming economic data includes U.S. leading economic indicators, Fed governor speeches, and delayed jobless claims data [17]

Core Viewpoint - Micron plans to cease supplying server chips to data centers in China due to the impact of a 2023 government ban on its products in critical infrastructure, which has hindered recovery efforts [1][6]. Group 1: Business Impact - The company was the first U.S. chipmaker targeted by the Chinese government, seen as a retaliatory measure against U.S. restrictions on China's semiconductor industry [1]. - Micron generated $3.4 billion, or 12% of its total revenue, from mainland China in the last business year, but will continue to sell to two Chinese customers with significant data center operations outside China, including Lenovo [4][5]. - The ban has resulted in Micron missing out on China's data center expansion boom, benefiting competitors like Samsung Electronics, SK Hynix, and Chinese firms such as YMTC and CXMT [10]. Group 2: Market Dynamics - Despite challenges in China, the global demand for data centers, driven by AI adoption, has allowed Micron to report record quarterly revenue [15]. - The investment in data centers in China surged ninefold to 24.7 billion yuan ($3.4 billion) last year, indicating a significant market opportunity that Micron is currently unable to capitalize on [15]. - Micron is looking to expand its customer base outside of China in regions such as Asia, Europe, and Latin America [5]. Group 3: Employment and Operations - Micron's data center team in China employs over 300 people, and the company has been downsizing in other areas, including laying off several hundred employees in its universal flash storage program [17]. - The company continues to maintain a chip packaging facility in Xian, indicating a commitment to certain operations within China despite the challenges [18].

Core Point - Micron plans to cease supplying server chips to data centers in China due to the inability of the business to recover from a 2023 government ban on its products in critical Chinese infrastructure [1] Group 1 - The decision to stop supplying server chips is influenced by the impact of the 2023 government ban [1] - The business in China has not shown signs of recovery following the ban [1]