Intel hikes Q4 revenue forecast; stock rises over 8% on turnaround optimism, AI frenzy | Stock Market News

Intel hikes Q4 revenue forecast; stock rises over 8% on turnaround optimism, AI frenzy | Stock Market News

Source: Live Mint (Bloomberg) — Intel Corp. shares surged after the chipmaker gave a revenue forecast slightly above estimates, sparking optimism that it’s capable of reclaiming some lost market share. Fourth-quarter revenue will be $13.3 billion to $14.3 billion, the Santa Clara, California-based company said in a statement on Thursday. That compares with the $13.6…

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Wall Street Today: Amazon leads US stocks to rally amid rising yields; Exxon, Chevron top Q3 forecasts | Stock Market News

Wall Street Today: Amazon leads US stocks to rally amid rising yields; Exxon, Chevron top Q3 forecasts | Stock Market News

Source: Live Mint The US market opened higher on Friday, November 1, driven by Amazon’s strong third-quarter results, which mitigated Apple’s weak China sales. Chevron Corp and Exxon Mobil traded above their previous close after announcing their quarter results. At 9:30 am (EDT), the stock markets opened higher for the United States. The Dow Jones…

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