Christopher Danely, Citi semiconductor analyst, joins 'Power Lunch' to discuss what Intel's potential breakup could mean for the stock.
Shares of Intel (INTC -5.37%) are losing ground in Wednesday's trading. The semiconductor company's share price was down 5.6% as of noon ET and had been down as much as 7% earlier in today's trading.
Newly formed chip startup AheadComputing on Wednesday said it had raised $21.5 million in seed funding.
Shares of Intel Corporation (NASDAQ:INTC) surged over 10% on Tuesday on the news that rivals Broadcom and Taiwan Semiconductor Manufacturing Co. (TSMC) are in talks to divide the ailing American chipmaker's business into two parts, according to the Wall Street Journal.
Shares of the much-maligned semiconductor giant Intel NASDAQ: INTC have jumped over 30% in the past week as of the Feb. 18 close. This is primarily due to rumors that Intel could sell off large parts of its business to two semiconductor behemoths.
Matthew Bryson, Wedbush Securities semiconductor analyst, joins 'Squawk Box' to discuss reports of Broadcom and TSMC considering a possible deal to split Intel into two, state of the AI chips race, and more.
There's just one more hour to go in Tuesday's trading day, Julie Hyman and Alexandra Canal are here to cover the day's biggest market stories and speak to Wall Street experts on today's Market Domination. Wedbush Securities managing director of hardware equity research Matt Bryson joins the program in talking about Intel's (INTC) break up if Taiwan Semiconductor Manufacturing Company (TSM) and Broadcom (AVGO) acquire separate segments of the chipmaker.
Stock futures pointed lower Wednesday morning as investors watched for fresh insights from the Federal Reserve and evaluated the latest tariff proposals from President Donald Trump, which could mean a 25% import tax on automobile, pharmaceutical and semiconductors sold in the U.S.; Intel (INTC) stock moved lower following reports that a private equity firm was in talks to acquire part of the chipmaker's business; Super Micro Computer (SMCI) shares gained as the server maker looks to extend an upward run after strong AI revenue projections; Investors are watching Apple (AAPL) ahead of the expected launch of a new low-cost iPhone model.
Private equity firm Silver Lake Management is nearing a deal to buy a majority stake in Intel's (INTC) Altera programmable chips unit, according to a Bloomberg report Tuesday.
Major U.S. equities indexes eked out minor gains in the first market session after Presidents Day, ending higher after fluctuating for most of the session.
Buyout firm Silver Lake is in exclusive talks to purchase a majority stake in Intel's programmable chip business Altera, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.
Shares of Intel (INTC 13.11%) are flying higher on Thursday. The company's stock gained 8.9% as of 11:00 a.m.