Ed Snyder, Charter Equity Research co-founder and managing director, joins 'Closing Bell Overtime' to talk Intel weighing strategic options.
It is now looking like Intel Chief Executive Pat Gelsinger made an expensive and risky bet on the way to turn around the chip giant — at exactly the wrong time.
Major U.S. equities indexes moved higher on Friday as the latest Personal Consumption Expenditure (PCE) data showed cool inflation in July, which was in line with expectations. The latest signal of mo
King Lip, BakerAvenue Wealth Management chief strategist, joins 'Closing Bell' to discuss Intel's company breakup and the impact he expects it to have on the stock.
Scott Nations, Nations Indexes president, joins 'Power Lunch' to discuss stock plays for three stocks.

What's Going On With Intel Stock?

03:10pm, Friday, 30'th Aug 2024
Intel might be going through a big transformation.
Off reports of Intel (INTC) considering a split in its foundry business, Ben Emons with Fed Watch Advisors calls it a dramatic move that may be needed for the company. He discusses how an emphasis in
Bloomberg US semiconductor reporter Ian King breaks down Intel's current struggles and the chipmaker's path forward. -------- More on Bloomberg Television and Markets Like this video?
Intel (NASDAQ:INTC) is often seen as a laggard in the AI chip race, facing mounting issues.
Intel is working with investment bankers on plans that could include a breakup of the company. The company is also considering scaling back its foundry expansion plans.
A report that Intel Corp. (INTC) is considering the spin-off or sale of its foundry business lifted the tech giant's stock Friday.
INTC announces strategic review of its business in response to severe financial difficulties and operational challenges.

PCE numbers, a bond rally and Intel is up

11:26am, Friday, 30'th Aug 2024
-PCE numbers are in -Bond market sees its longest rally -Intel is up Manus Cranny reports. Tune into "Bloomberg Brief" at 5 a.m.
Intel stock rallied on a report that the chip giant is considering splitting off its manufacturing business.
A report that Intel could separate its chip-manufacturing business shows what a perilous position CEO Pat Gelsinger finds himself in.
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