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Intel drops almost 8% after chipmaker reports hefty loss in foundry business

Intel shares fell almost 8% after the company disclosed long-awaited financials for its foundry business, revealing an operating loss of

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Intel said that its foundry business recorded an operating loss of $7 billion in 2023 on sales of $18.9 billion.

With semiconductor stocks losing momentum over the past few weeks, Intel's strength is starting to show some cracks and at

Amazon is poised to benefit from the Astera Labs IPO after signing agreements that allow it to buy about 2.3

Here are the most important news items that investors need to start their trading day. Source link

The White House said on Wednesday that Intel has been awarded up to $8.5 billion as part of the CHIPS

Banks delivered record payouts as high interest rates boosted margins, according to a new report from British asset manager Janus