Create your account
Already have an account?Sign in
Intel’s after-close update showed a server-led recovery, but its fourth-quarter outlook calls for lower revenue and gross margin than the quarter just reported. A completed $23 billion public equity offering adds growth funding while diluting existing shareholders.
The reported request adds competition scrutiny to Nvidia’s $12.9 billion Hugging Face acquisition and its expansion into AI software. Shares slipped 0.80%, leaving this week’s rebound stalled within a weaker month.
Datacenter demand drove Sandisk’s quarterly sales higher, with operating profit growing faster than revenue and management forecasting further expansion. The report followed a 5.3% regular-session decline that interrupted the stock’s rebound and left it well behind related companies.