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US Chip Stocks Hit Record Highs Following Strong Intel Revenue Forecast

Key Points: US chip stocks soared to record highs after Intel released an unexpectedly strong revenue forecast. The Philadelphia SE Semiconductor Index rose 3.2% to hit an all-time high, extending a massive 18-day winning streak. Intel shares surged 22.6%, finally soaring past the company's previous dotcom-era peak from the year 2000. Tech investors largely ignored...

Intel Stock Soars on Strong Q1, AI Demand

Key Points: Intel stock jumps over 20% after strong Q1 earnings report. Q1 revenue and EPS beat analyst expectations, Q2 guidance also positive. Data Center and AI business revenue significantly exceeds forecasts. Intel sees growing demand for CPUs due to agentic AI development. Intel (INTC) stock shot up more than 20% in early trading Friday....

SpaceX Takes Out $20 Billion Loan Ahead of Massive Summer IPO

Key Points: Elon Musk's SpaceX secured a $20 billion bridge loan to refinance existing debt ahead of its upcoming IPO. The company might have to use proceeds from the initial public offering to repay the massive loan. Wall Street expects the SpaceX IPO to be the largest in history, potentially valuing the company at $1.75...