AMD shares soar 12% on no company news. Here's what has investors so excited [MSNBC.com]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: MSNBC.com
In this articleDado Ruvic | ReutersIntel'sAdvanced Micro Devices shares soared more than 12% on Friday as Wall Street analysts were caught off guard by Intel's CPU performance — which they believe will translate to other big CPU makers. "The CPU is reinserting itself as an indispensable foundation of the era, and the once sleepy CPU market has taken off as agentic workloads shift compute needs" beyond graphics processing units produced by companies such as Nvidia.Luria upgraded to buy from neutral and hiked his 2026 revenue and gross profit margins. He also hiked his price target on the stock to $375, implying upside of 22% from Thursday's close.Stock Chart IconStock chart icon year to dateThis comes off the back of Intel also issuingstronger-than-expected guidance for the second quarter"Intel now expects double digit server CPU unit growth in 2026, up from their prior expectations of only slight growth six months ago," Citi analyst Atif Malik wrote Friday.He upgraded Intel stockWal
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- S&P/TSX composite ends week slightly lower, while tech buoys U.S. markets [Investment Executive - News]Investment Executive - News
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