Mixed trend on Wall Street; Intel stock jumps more than 22%

17:25

The mixed trend on Wall Street continues. The Dow falls by about 0.3%, the S&P 500 rises by 0.2%, the Nasdaq rises by about 0.7%.

For all three indices, the week is headed for a mixed close. The S&P 500 remained flat at its weekly average, while the Dow Jones was headed for a 0.6% drop. Nasdaq rose 0.6% during the week.

Intel Increases by about 22% after the publication of the excellent reports that shattered all forecasts and led to another optimistic forecast for the second quarter of the year.

16:30

Wall Street markets opened with a mixed trend: the Dow shed 0.3%, with the S&P 500 and Nasdaq rising by 0.2% and 0.7%, respectively.

stock Intel Jumping more than 25% in the continuation of a successful day for the company: it began yesterday when Elon Musk declared that he had become the first ever customer of Intel’s future chip, A14, which should be the first competition for TSMC in the production of processors with tiny circuits, and it continued with the publication of the company’s excellent reports that shattered all forecasts and offered another optimistic forecast for the second quarter of the year.

It can be said that Intel is the winning technology stock of the technology giants on Wall Street with growth so far of 81% since the beginning of the year, and a total of 224% in the last year – which was undoubtedly the year of CEO Lip-Bo Tan who was appointed to the position about a year and a month ago.

According to the company’s performance and the investors’ conversation, it seems that Tan understood well the role that Intel can play in the dramatic transformation that the artificial intelligence industry is currently undergoing, emphasizing the training of models for their activation (the inference phase) and the application of AI agents – artificial intelligence-based software capable of performing full tasks such as providing customer service, developing software or preparing accounting reports.

15:30

The geopolitical situation and the US-Iran war are undoubtedly the most dominant factor in the markets at the moment. Against the background of the renewed flare-up of tensions around the Strait of Hormuz and yesterday’s declines on Wall Street, President Trump announced on the Truth Social network that he ordered the Navy not to hesitate and damage vessels involved in laying mines, while oil prices are rising due to fears that a prolonged closure of the shipping lane could worsen the disruptions in the energy supply.

However, and although Wall Street closed lower last night with Nasdaq down 0.9%, Dow Jones and S&P 500 down 0.4% – Wall Street futures are rising in the last hour following reports that Iran’s Foreign Minister Abbas Araqchi is expected to arrive in Islamabad this weekend, with cautious optimism.

S&P 500 futures rise about 0.3%, Nasdaq futures rise about 1.1% led by Intel while the Dow retreated by about 0.1%.

Oil prices are falling, as investors become more and more concerned about the lack of official progress in diplomatic contacts between the US and Iran, and the rising tensions in the Strait of Hormuz. The price of Brent oil retreated by about 0.6% and traded above $98.7. WTI oil is down about 0.8%% and its price stands at $95.

A successful day has passed for Intel, and judging by the rise of the stock before the start of trading – it is apparently not over yet. It began yesterday when Elon Musk declared that he had become the first ever customer of Intel’s future chip, A14, which should be the first competition for TSMC in the production of processors with tiny circuits, and it continued with the publication of the company’s excellent reports that shattered all forecasts and gave another optimistic forecast for the second quarter of the year.

Judging by the way the stock rose after the end of trading – about 23%, the company is on its way to opening the trading day today with a value of over 412 billion dollars, and it is very possible that Intel is well on its way to ending the month of April with a value of half a trillion dollars.

Procter & Gamble It also rises about 3% in pre-trade after beating forecasts. in contrast, H.C.A. Holdings falling about 8% after warning that its profits would be at the bottom of the range, due to damage from hurricanes Helen and Hamilton.

Following the shareholders’ vote, the giant deal between Warner Brothers Discovery and between Paramount Skydance setting off This is one of the most significant mergers in the history of the entertainment industry, reshaping the map of streaming and studios in Hollywood.

stock Tesla fell yesterday after Musk asked investors for “patience” in connection with the company’s heavy investments in the fields of autonomous driving and humanoid robots – fields that do not yet generate significant revenues.

Yesterday on Wall Street – SOXX the semiconductor ETF rose for the 17th day in a row, the longest streak in history and completes an increase of more than 43% since the beginning of the year.

In it, the manufacturer of analog chips Texas Instruments Zinka jumped after forecasting revenues and profits for the second quarter above estimates, thanks to strong demand for its chips used in data centers.

stock Microsoft dropped after announcing the launch, for the first time in its history, of a voluntary retirement plan for employees, which will be open to thousands of workers in the US.

Meta plans to cut 10% of its workforce, amounting to about 8,000 employees, as part of an effort to increase efficiency and to balance its heavy spending in the field of artificial intelligence (AI). The company disclosed the move in a memorandum sent to employees yesterday, in which it was stated that the layoffs took effect on May 20. Meta also won’t be hiring for the 6,000 open positions it planned to fill.

US labor market data indicated a slight increase in initial unemployment claims. The number of new claims was 214,000 in the week ending April 18 – an increase of 6,000 compared to the previous week and slightly above forecasts of 210,000. The number of ongoing claims rose to 1.82 million.

In Europe, trading is in the red: Dax falls by 0.2%, KAC sheds about 0.9%, Putsi retreats by about 0.5%.