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AMD stock rises ahead of earnings as Intel falters in AI race
Shares of Advanced Micro Devices (NASDAQ: AMD) climbed over 2.6% on Monday as investors rallied around its growing artificial intelligence (AI) chip momentum and anticipation for its upcoming earnings report. Meanwhile, Intel (NASDAQ: INTC) tumbled ... more
Intel layoffs coming: Q2 earnings miss, stock continues fall
Intel’s stock (INTC) fell sharply early Friday after the company reported mixed second-quarter earnings and unveiled a 15% workforce reduction. Shares plunged nearly 9% in pre-market trading, wiping out early gains following a brief rally ... more
Intel CEO to Present Bold Cost-Cutting Plans, Asset Sales to Board Amid Struggles
Intel CEO Pat Gelsinger and his top executives are gearing up to present a comprehensive plan to the board of directors later this month, aiming to cut costs and revitalize the struggling chipmaker. The proposal, ... more
