Categories: BUSINESS

Intel bags big gains! Chipmaker’s shares jump 26% on blockbuster results; how Trump admin benefits

Intel’s share price surged dramatically after exceeding first-quarter expectations, driven by strong demand in its Data Centre and AI division. This performance significantly boosts the US administration’s investment, which acquired a stake during a period of financial strain. Intel’s stock has now risen nearly 300% since the government’s intervention.
Sumitra

Recent Posts

Trump’s ‘Gold Card’ visa: One cleared, hundreds await as $1 million residency plan rolls out

The Trump administration's 'Gold Card' visa program, offering US residency for a $1 million fee,…

2 days ago

Global price shock: RBI warns of ‘second-round effects’ amid West Asia tensions

The RBI cautioned about potential second-round effects from the West Asia conflict, where supply shocks…

2 days ago

Iran war: Trump sanctions waiver or not – why India continues to buy Russian oil

In March, with the US sanctions waiver in effect, India has aggressively procured Russian crude,…

3 days ago

Trump says he’d be disappointed if Fed pick doesn’t cut rates; Warsh vows to be ‘independent actor’

President Trump expressed disappointment if his Fed nominee, Kevin Warsh, doesn't immediately cut interest rates…

4 days ago