INTC Oct 2024 38.000 put
- Yahoo Finance Video
August retail sales, investor survey, Intel Foundry: 3 Things
August retail sales outdid Wall Street estimates, rising by 0.1% month-over-month against expectations to drop by 0.2%. According to a Bank of America fund managers survey, 79% of investors are pricing in a soft landing scenario as the Federal Reserve readies to cut interest rates at its September meeting this week. Intel (INTC) shares move higher on the news the semiconductor company plans to spin off its foundry business into an independent subsidiary. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Intel-AWS partnership is 'big win' for Intel's foundry: Analyst
Intel (INTC) and Amazon Web Services (AMZN) announced a co-investment in custom chip designs in a multi-billion, multi-year strategic collaboration. Creative Strategies CEO and principal analyst Ben Bajarin joins Asking for a Trend to discuss the news. Bajarin explains that Intel has won a large customer in AWS: "There's positive momentum there in terms of getting foundry wins." He believes that Intel is ultimately setting the stage to split into two companies: Intel and an its foundry segment He believes that having an Intel foundry subsidiary is "essentially as close as you can get to putting the right kind of walls and guardrails around Intel foundry so that other customers can come in and feel comfortable knowing that they'll have capacity wafer allocation." He highlights that the services side of the business needs to be its own entity to attract wafer-scale customers. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Melanie Riehl
- Investor's Business Daily
Dow Jones Rises On Surprise Retail Sales; Intel Rallies On Amazon AI Chip Deal
Stock Market Today: The Dow Jones rose Tuesday on surprise retail sales data. Intel stock surged on an AI chip deal with Amazon.
