Intel shares surged in extended trading after the chipmaker reported its strongest revenue growth in over 15 years, driven by a 59% jump in its Data Center and AI division, and issued a third-quarter forecast that far surpassed analyst estimates.
Investment firm Needham highlights key networking and optical technology companies, including Arista Networks and Applied Optoelectronics, that are expected to report strong quarterly results driven by robust AI and data center demand.
Corporate bonds from major technology firms declined Thursday as investors weighed the impact of massive, debt-fueled AI investments against a backdrop of rising oil prices and inflation fears.
Shares of the chip designer climbed in extended trading, benefiting from a sector-wide rally sparked by Intel's better-than-expected earnings and a bullish forecast for AI infrastructure spending from market research firm IDC.
The U.S. Department of Defense has entered a potential 10-year, nearly $7 billion agreement with Oracle to consolidate its on-premises software licenses, aiming to reduce costs and streamline procurement.
Shares of Advanced Micro Devices rose in after-hours trading following the announcement of a multi-billion dollar AI infrastructure partnership with Anthropic and the unveiling of its next-generation MI455 accelerator.
Mexico's benchmark stock index, the S&P/BMV IPC, closed significantly lower on Thursday, driven by a sell-off in the industrial and consumer sectors that sent several major company shares to multi-year lows.
Russia's benchmark stock index finished Thursday's session with a modest 0.24% gain, driven by a rally in major oil and gas companies. The advance occurred despite a broader market decline where losing stocks significantly outnumbered winners.
Colombia's benchmark COLCAP index closed down 0.60% on Thursday, weighed down by losses in the financial, investment, and public services sectors. The decline came amid mixed movements in key commodity markets.
