Intel Corporation is a leader in semiconductor manufacturing, specializing in the design and production of advanced integrated circuits and microprocessors that power a wide range of computing devices, from personal computers to data centers and Internet of Things applications. The company is renowned for its innovative technologies that drive performance and efficiency in computing, offering products tailored for various sectors including consumer, enterprise, and mobile markets. In addition to hardware, Intel also invests in software and services to support its ecosystem, fostering advancements in artificial intelligence, cloud computing, and autonomous systems. Through its commitment to research and development, Intel plays a critical role in shaping the future of technology.
S&P 500 falls 10% from all-time high due to trade tensions and Trump's tariff threats. Only 37% of stocks above moving average, inflation data positive.
Stay informed about the performance of the S&P500 index in the middle of the day on Thursday. Uncover the top gainers and losers in today's session for valuable insights.
Bears regained control on Wall Street, with major indices wiping out Wednesday's gains and retesting recent lows as investor concerns over tariffs continue to weigh on sentiment.
Shares of computer processor maker Intel (NASDAQINTC)
jumped 16.6% in the morning session after the company named Lip-Bu Tan, the former chief executive of Cadence Design Systems, as its new CEO. Following the announcement, Bank of America analysts decided it was time to change their tune, upgrading Intel from Sell to Hold. Their improved outlook is related to Tan's solid track record as they believed with him at the helm, there's a better shot at turning things around. They also raised their price target to $25.
Investors and traders are closely monitoring the gap up and gap down stocks in today's session on Thursday. Let's explore the market movements and identify the stocks with significant gaps.
Let's have a look at what is happening on the US markets before the opening bell on Thursday. Below you can find the top S&P500 gainers and losers in today's pre-market session.
Wall Street is also bullish on Tan’s appointment. Bank of America cited his strong track record at Cadence Design Systems, familiarity with Intel from his prior board tenure, and broad industry connections as key positives.
Eight years after being praised by TSMC founder Morris Chang for rescuing Cadence from crisis, Lip-Bu Tan has been named CEO of Intel, tasked with leading the embattled chipmaker through one of the most pivotal moments in its history.
