Facebook's $725M settlement payouts, a U.S. revenue-sharing deal with Nvidia and AMD, Intel stake talks, an AI chatbot-related death, and AMD's stance against Silicon Valley's talent war dominated this weekend's tech headlines.
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The Switzerland-based international advocacy non-governmental organization and think tank also cleared its founder, Klaus Schwab, and his wife, Hilde Schwab, of any wrongdoing.
Major tech-heavy indices edged lower from record highs by midday Friday in New York, as investors adopted a cautious stance ahead of the Trump-Putin meeting and after data showed a dip in consumer confidence alongside mounting inflation concerns.
UnitedHealth shares traded nearly 14% higher in Friday’s midday trade after Warren Buffett’s Berkshire Hathaway revealed in its latest 13F filing that it held five million shares of the firm at the end of the second quarter.
In a striking display of market intervention and strategic investment, two major corporate developments are sending ripples through the financial world. The U.S. government is reportedly considering an unprecedented ownership stake in struggling chipmaker Intel (NASDAQ: INTC), signaling a direct and significant move to bolster domestic semiconductor manufacturing. Simultaneously,
Shares of computer processor maker Intel (NASDAQ:INTC)
jumped 3.5% in the morning session after reports revealed the Trump administration is considering taking a stake in the company. The potential investment, which could be funded through the U.S. Chips Act, is reportedly intended to support the development of Intel's factory hub in Ohio, according to Bloomberg. News of the talks follows a recent meeting between President Trump and Intel CEO Lip-Bu Tan. Analysts suggest that direct federal backing could serve as a lifeline for the struggling chipmaker as it works to revive its business. A government stake could also bolster U.S. semiconductor leadership and national security by supporting domestic production and reducing reliance on foreign manufacturers.
Curious about the top performers within the S&P500 index in the middle of the day on Friday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
