Midday Fly By: Intel reports Q2 beat, Anduril in talks for $100B valuation
The major averages were higher near noon as stocks look to recover from Thursday's tech-led selloff. Intel is seeing weakness despite a Q2 beat and technology remains the market's primary focus after Alphabet and Tesla sparked the biggest one-day decline in the S&P 500 and Nasdaq in about a month. Investors have grown increasingly concerned that soaring capital expenditures and cash burn tied to artificial intelligence may take longer to generate meaningful returns. Meanwhile, Pakistan is exploring a path towards a resumption of stalled talks between the U.S. and Iran, three Pakistani sources told Reuters. Although crude has pulled back from its overnight highs, it remains higher for the week. Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1. STOCK NEWS: Intel (INTC) reported better-than-expected Q2 results and provided sharply upbeat Q3 earnings and revenue guidance Verizon (VZ) provided a "beat and raise" report for Q2 American Express (AXP) reported upbeat Q2 results and reaffirmed its FY26 earnings outlook Defense technology company Anduril is in talks to raise funding at a roughly $100B valuation,
The major averages were higher near noon as stocks look to recover from Thursday's tech-led selloff.
Intel is seeing weakness despite a Q2 beat and technology remains the market's primary focus after Alphabet and Tesla sparked the biggest one-day decline in the S&P 500 and Nasdaq in about a month.
Investors have grown increasingly concerned that soaring capital expenditures and cash burn tied to artificial intelligence may take longer to generate meaningful returns.
Meanwhile, Pakistan is exploring a path towards a resumption of stalled talks between the U.S. and Iran, three Pakistani sources told Reuters.
Although crude has pulled back from its overnight highs, it remains higher for the week.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1.
STOCK NEWS: Intel (INTC) reported better-than-expected Q2 results and provided sharply upbeat Q3 earnings and revenue guidance Verizon (VZ) provided a "beat and raise" report for Q2 American Express (AXP) reported upbeat Q2 results and reaffirmed its FY26 earnings outlook Defense technology company Anduril is in talks to raise funding at a roughly $100B valuation,