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Isabelle {SAHM} Girl mom 🩷🩷 :
I have the light and I feel like mine isn’t that bright😂
2024-11-05 19:46:09
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Intel surged more than 9% on Tuesday after SoftBank Group announced a $2 billion investment, giving the struggling chipmaker a much-needed boost. The rally followed a volatile stretch that saw shares jump on reports of potential US government support, only to tumble 3.6% Monday when speculation pointed to Washington taking as much as a 10% stake. Even with the turbulence, Intel stock remains up 18% year to date and 13% over the past 12 months. The investment comes as Intel pushes forward with a scaled-back turnaround plan under CEO Lip-Bu Tan. Since taking over, Tan has canceled overseas plant projects and delayed the company’s $20 billion Ohio chip complex, while also slashing 15% of the workforce. Despite those cuts, Tan emphasized confidence in the SoftBank partnership, highlighting a decades-long relationship with CEO Masayoshi Son and a shared vision for advancing US technology leadership. Intel is still battling significant competitive challenges. Its 18A chip technology is beginning to attract outside customers such as Microsoft and Amazon, but Intel itself remains its foundry unit’s largest client. Meanwhile, AMD and Nvidia continue to capture market share in both the server and AI markets, where Intel has largely been left behind. The SoftBank deal may buy Intel time and credibility, but execution on innovation remains its greatest test. #Intel #SoftBank #Semiconductors #stockmarket #vestr Vestr is the finance super app, download now. VestrData.com is the cheapest live market data API.
Intel surged more than 9% on Tuesday after SoftBank Group announced a $2 billion investment, giving the struggling chipmaker a much-needed boost. The rally followed a volatile stretch that saw shares jump on reports of potential US government support, only to tumble 3.6% Monday when speculation pointed to Washington taking as much as a 10% stake. Even with the turbulence, Intel stock remains up 18% year to date and 13% over the past 12 months. The investment comes as Intel pushes forward with a scaled-back turnaround plan under CEO Lip-Bu Tan. Since taking over, Tan has canceled overseas plant projects and delayed the company’s $20 billion Ohio chip complex, while also slashing 15% of the workforce. Despite those cuts, Tan emphasized confidence in the SoftBank partnership, highlighting a decades-long relationship with CEO Masayoshi Son and a shared vision for advancing US technology leadership. Intel is still battling significant competitive challenges. Its 18A chip technology is beginning to attract outside customers such as Microsoft and Amazon, but Intel itself remains its foundry unit’s largest client. Meanwhile, AMD and Nvidia continue to capture market share in both the server and AI markets, where Intel has largely been left behind. The SoftBank deal may buy Intel time and credibility, but execution on innovation remains its greatest test. #Intel #SoftBank #Semiconductors #stockmarket #vestr Vestr is the finance super app, download now. VestrData.com is the cheapest live market data API.

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