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Intel Shares Surge 11% on Report of Massive Google AI Chip Order, But Risks Loom
Intel shares surged 11.2% after a report that Google ordered over 3 million AI chips for 2028, spotlighting Intel's foundry ambitions. However, the unconfirmed deal and Intel's $2.4 billion foundry loss pose significant risks.
Nasdaq Rises 0.86% as Chip Stocks Rebound; Intel Surges on Google AI Chip Order
The Nasdaq climbed 0.86% as chip stocks rebounded, with Intel surging 11.2% on news of a massive Google AI chip order. Apple fell 1.9% amid AI feature rollout. Investors await May CPI data.
BitMine Shares Surge as Ether Holdings Near 5% Supply Goal
BitMine shares jumped 6% as its ether stash hit 5.54 million tokens, nearing its 5% supply target. The company also priced a $273.8 million preferred stock offering.
Novo Nordisk Shares Slide 4% Despite Wegovy Pill Prescriptions Surpassing 3 Million
Novo Nordisk shares dropped over 4% despite the Wegovy pill hitting 3 million U.S. prescriptions, as investors weighed profit margins against fierce competition from Eli Lilly and AstraZeneca.
Mingteng Stock Surges 81% After Halting $100M Share Sale
Mingteng International shares surged 81% after ending its at-the-market stock sale plan, raising $20.6 million. Trading volume hit 24.2 million shares.
Peso Edges Higher as Iran-Israel Tensions Ease, All Eyes on Mexican Inflation
Mexico's peso edged up 0.09% to 17.4644 per dollar after Iran and Israel paused attacks, but traders turned cautious ahead of Tuesday's Mexico inflation data.
AmpliTech Surges 27% as 5G Radio Passes Open-RAN Interoperability Test
AmpliTech shares surged 27% after its 64T64R massive-MIMO radio was the only device of its kind tested at O-RAN Alliance PlugFest, though no purchase orders were announced.
T1 Energy Slides on KORE Power Deal's Dilution Risk
T1 Energy shares dropped 3.2% to $9.13 after an SEC filing disclosed up to $24.7 million in stock-based payments for its $32 million KORE Power acquisition, spotlighting dilution risks.
OpenAI Files for IPO as AI Race Intensifies
OpenAI has confidentially filed for an IPO, with key financials hidden until the S-1 goes public. The move comes amid rising AI competition and infrastructure costs.
