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Intel shares rise as third-quarter earnings surpass forecasts, demand for chips boosted by AI

Intel shares rise as third-quarter earnings surpass forecasts, demand for chips boosted by AI

Intel’s Stock Surge After Q3 Earnings Beat Expectations Intel’s stock saw a notable increase, rising up to 7% in after-hours trading on Thursday following the release of its third-quarter earnings, which surpassed Wall Street’s forecasts. The company reported a revenue of $13.7 billion for the quarter ending on September 27, which exceeds the $13.15 billion […]

Nvidia’s CEO discusses selling advanced AI chips to China with the Trump administration.

Nvidia's CEO discusses selling advanced AI chips to China with the Trump administration.

Nvidia CEO Discusses AI Impact with Fox Business Nvidia’s CEO, Jensen Huang, shared insights with Fox Business, highlighting discussions with the Trump administration regarding the potential sale of advanced blackwell chips to China. He expressed confidence in the global adoption of American technology, suggesting that it could help the U.S. secure an advantage in the […]

Bessent supports investment in Intel: Chips are a ‘key necessity’

Bessent supports investment in Intel: Chips are a 'key necessity'

Treasury Secretary Defends US Stake in Intel Treasury Secretary Scott Bescent spoke out in defense of the US government’s decision to acquire a 10% stake in Intel, addressing concerns about potential government interference in the free market. During an appearance on Fox Business’s “Morning Maria,” Bescent emphasized the strategic necessity of this investment. “Tips are […]

Mamdani criticizes Adams over ‘bag of chips’ controversy: ‘Absurd’

Mamdani criticizes Adams over 'bag of chips' controversy: 'Absurd'

New York City Mayoral Race Heats Up Amid Allegations Zohran Mamdani, a candidate for mayor in New York City, has found himself scrutinizing the current mayor, Eric Adams, following a recent incident involving an aide and some cash. This situation has generated quite a bit of buzz within the local media. Mamdani pointed out that […]