Amazon & Intel Earnings | Closing Bell

04:29pm, Thursday, 01'st Aug 2024
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec. ------
'Closing Bell Overtime' talks Intel earnings as the company announces layoffs and a suspension of its Q4 dividend.
Intel Corp. plans a $10 billion cost-cutting program that would decrease capital expenditures and bring a 15% headcount reduction, the company said Thursday.
Intel reported worse-than-expected quarterly results and issued light quarterly guidance. The chipmaker plans to cut 15% of headcount, which was over 125,000 at the end of the second quarter.
Intel plans to lay off thousands of employees this year and pause dividend payments in the fourth quarter as part of a sweeping cost-saving drive more than three years into Chief Executive Pat Gelsing

3-Stock Lunch: Meta, Amazon and Intel

02:46pm, Thursday, 01'st Aug 2024
David Trainer, New Constructs CEO, joins 'Power Lunch' to discuss stock plays for three stocks.
If you had told Wall Street tech stalwarts back in 2020 that Intel (NYSE: INTC ) stock would plummet as rapidly as it has over the last 12 months, it's likely many of them would have laughed you off.
UPDATE—Aug. 1, 2024: This article has been updated to reflect more recent share price information.
Intel Corp INTC will be reporting its second-quarter earnings Thursday. Wall Street expects 10 cents in EPS and $12.94 billion in revenues as the company reports after market hours.

The 3 Best Fog Computing Stocks to Buy Now

10:55am, Thursday, 01'st Aug 2024
Cloud computing has been one of the biggest trends within the technology space over the past decade. And with the rise of cloud-based software comes a new opportunity: fog computing stocks.
Intel stock is down 15% over the past 12 months, versus the 29% rise for the iShares Semiconductor exchange-traded fund.
Intel (INTC) is expected to have recorded higher revenues in the client computing group, backed by a strong focus on innovation. Improving prospects in the emerging AI PC marker is a tailwind.
Intel (INTC) will likely report lower revenues from the Data Center AI segment, owing to stiff competition and macro headwinds. The launch of innovative solutions to advance AI-accelerated high-perfor
Despite a boom in artificial intelligence (AI) related stocks, Intel (NASDAQ: INTC ) stock is down by 36% so far this year as competitors have managed to outperform the U.S. semiconductor company. In
Semiconductor manufacturer Intel Corp (NASDAQ:INTC, ETR:INL) has secured a significant ruling from the UK High Court in a complex piece of global litigation between rival R2 Semiconductor. R2 accused
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