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Intel(INTC-28.58%), one of the world’s largest semiconductor manufacturers, saw its shares plunge 28.58% Friday, closing at $65.76 in one of the company’s steepest single-day declines in decades. The sell-off came despite Intel beating quarterly earnings expectations, as investors focused on a less encouraging outlook and growing questions about the company’s turnaround.
Market capMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.$2.63T Day’s range$229.36 – $241.55 52wk range$196.00 – $287.20 Volume104.7M Avg volume39.3M Gross margin50.77%
Wall Street slides as AI cash burn worries spark tech selloff | Stock Market News
NEW YORK (AP) — A sell-off for tech stocks is getting worse Friday on worries that Wall Street’s frenzy around artificial-intelligence technology sent prices too high.
The Edo State Internal Revenue Service (EIRS) has sealed the premises of Rongtai Plastic Company Limited and eight other corporate entities operating in Utesi community, Ikpoba-Okha Local Government Area of Edo State, over alleged unpaid tax liabilities totalling ₦8.982 billion.
Tech stocks tumbled for the second day in a row as concerns rise over the hundreds of billions of dollars firms are investing in artificial intelligence (AI).
NEW YORK/LONDON, Oct 30 (Reuters) – A sharp selloff in Wall Street’s tech shares pushed MSCI’s global index down more than 1% on Friday, sending investors to the safety of US bonds on fears that hefty cash-burning AI investments may not deliver sufficient returns.
The Fall is a great time of the year to upgrade your TV. The NFL and NBA seasons are kicking off and Oscar contenders are beginning to hit digital so you can catch up on all the potential nominees. It’s also spooky season, great for horror movie marathons. If you’re looking to upgrade to something…
The General Hospital spoilers video for Friday, October 30, previews desperate investigations, important conversations, and impending danger!
Celebrity status sometimes runs in the family, with some Nigerian entertainers watching their children follow in their footsteps and carve out successful careers of their own.