Intel Corporation is a leader in semiconductor manufacturing, specializing in the design and production of advanced integrated circuits and microprocessors that power a wide range of computing devices, from personal computers to data centers and Internet of Things applications. The company is renowned for its innovative technologies that drive performance and efficiency in computing, offering products tailored for various sectors including consumer, enterprise, and mobile markets. In addition to hardware, Intel also invests in software and services to support its ecosystem, fostering advancements in artificial intelligence, cloud computing, and autonomous systems. Through its commitment to research and development, Intel plays a critical role in shaping the future of technology.
Eight years after being praised by TSMC founder Morris Chang for rescuing Cadence from crisis, Lip-Bu Tan has been named CEO of Intel, tasked with leading the embattled chipmaker through one of the most pivotal moments in its history.
Intel Corporation (NASDAQINTC) surged 11.6% during the pre-market trading session on Thursday after the company announced that tech industry veteran, Lip-Bu Tan, is set to take the helm as the new CEO.
Trump’s criticism has sparked concerns among executives of chipmakers, who are reportedly looking into the legalese to understand if the Trump administration can claw back grants awarded under the CHIPS Act.
The S&P 500 and Nasdaq rose on Wednesday. The rally was fueled by a cooler-than-expected inflation report, which bolstered expectations for monetary easing.
Lip-Bu Tan, former CEO of Cadence Design Systems, will take over the reins of Intel from interim CEOs David Zinsner and MJ Holthaus. Tan was on Intel’s board till last year, when he departed citing other commitments.
Looking for the most active stocks in the S&P500 index on Wednesday? Dive into today's session and discover the stocks that are dominating the trading activity and setting the pace for the market.
Let's have a look at what is happening on the US markets before the opening bell on Wednesday. Below you can find the top S&P500 gainers and losers in today's pre-market session.
Shares of leading designer of graphics chips Nvidia (NASDAQNVDA)
jumped 6.9% in the morning session as markets experienced a boost after data from the Bureau of Labor Statistics revealed that inflation for the month of February 2025 came in better than expected. The CPI (Consumer Price Index - a gauge of the average price consumers pay for goods and services) rose 0.2% from the previous month (vs estimates for a 0.3% increase), while headline inflation rose 2.8% year on year (vs estimates for a 2.9% y/y increase). The data revealed inflation continued to edge closer to the Fed's 2% target, but not quite there yet. The reaction wasn't anything wild, but the sentiment leaned positive. The Nasdaq led the way, climbing 1.4%, boosting some tech stocks.
Incremental improvements in the state of the economy and a potential groundbreaking collaboration in the chip industry helped spark a broad-based market rally.
Stocks surged Wednesday morning, with major indices poised to snap a two-day losing streak, as cooler-than-expected inflation reinforced expectations for Federal Reserve rate cuts in 2025.
