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  • Business
    Reuters

    Intel falls as weak PC chip demand hurts second-quarter forecast

    The stock has fallen around 30% so far this year as Intel trails rival chip companies like Nvidia in producing advanced artificial intelligence (AI) chips and components. Intel forecast second-quarter revenue of $12.5 billion to $13.5 billion, compared with analysts' average estimate of $13.57 billion, according to LSEG data. Intel is planning a $100 billion spending spree across four U.S. states to build and expand factories.

  • Business
    Bloomberg

    US Futures Gain, Powered by Alphabet, Microsoft: Markets Wrap

    (Bloomberg) -- US equity futures advanced as blockbuster earnings from Microsoft Corp. and Alphabet Inc. signaled the artificial intelligence boom that has driven gains for technology stocks remains on track. Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesHuawei’s New Phone Runs Latest Version of Made-in-China ChipAlphabet Beats Revenue Estimates as AI Fuels Cloud GrowthPlunging Home Prices, Flee

  • Business
    Bloomberg

    Exxon Disappoints on Non-Cash Charges Despite Guyana Boost

    (Bloomberg) -- Exxon Mobil Corp. posted disappointing results after a bevy of non-cash charges took the shine off surging oil output from its marquee development in Guyana.Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesHuawei’s New Phone Runs Latest Version of Made-in-China ChipAlphabet Beats Revenue Estimates as AI Fuels Cloud GrowthPlunging Home Prices, Fleeing Companies: Austin’s Glow Is Fadin

  • Business
    Bloomberg

    Chevron Exceeds Estimates on Oil-Output Gains Amid $80 Crude

    (Bloomberg) -- Chevron Corp. surpassed expectations for a second straight quarter as strong oil-production growth from recent acquisitions helped the company take advantage of crude prices above $80 a barrel. Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesHuawei’s New Phone Runs Latest Version of Made-in-China ChipAlphabet Beats Revenue Estimates as AI Fuels Cloud GrowthPlunging Home Prices, Flee