Intel’s earnings send fellow CPU sellers Arm and AMD higher

A strong set of Q1 results and Q2 guidance from Intel is sending shares of fellow CPU sellers Arm Holdings and Advanced Micro Devices about 6% and 4% higher in postmarket trading, respectively.

Intel’s robust report is seemingly a rising tide that lifts all boats in the industry, not just a company-specific dynamic.

Arm recently pivoted to designing and selling CPUs for data center customers (like Meta!) in addition to its long-standing business of licensing out the design architecture.

And AMD, of course, has been a well-established giant in the space before it ever started offering GPUs.

It’s the latest reminder that the AI boom isn’t just juicing demand for the most advanced chips, but also memory, older-school units, and a wide array of hardware.

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Tasha Matsumoto

Stocks sink amid escalating tensions with Iran, chips stocks’ continued slide

Oil prices rose amid retaliatory strikes between the US and Iran as President Trump encouraged Iran to sign a deal, saying the US will be attacking Iran “very hard.”

Kamchatka brown bears are seen during a daily life at the Kurile Lake in Kamchatka Peninsula volcanic terrain, Russia, August 28, 2017..

Rani Molla3h

Belgium just became the fifth European country to approve a version of Tesla’s Full Self-Driving technology, according to a post from a transport minister there — something CEO Elon Musk said was necessary to turn around sales in the company’s “weakest market.” The country follows on the heels of Denmark, Estonia, Lithuania, and the Netherlands.

Tesla sales in Europe notably have been stabilizing without wide approval of FSD, which the company has said would be approved across the EU in the second or third quarter.

The version of FSD available in Europe, the company’s third-largest market, comes with stricter safety requirements and closer driver monitoring than in the US, where the tech has so far failed to drive notable sales growth.

Max Knoblauch4h

Lucid trading at fresh all-time low following departure of engineering and software SVP Emad Dlala

Lucid is continuing to sink to all-time lows, hitting a fresh bottom on Wednesday afternoon. The luxury EV maker is on track to close below the $5-per-share mark for the first time and is down about 54% so far this year.

All-time lows are nothing new for Lucid, which is down more than 99% from its early 2021 peak.

Dragging the stock lower Wednesday appears to be the voluntary departure of long-tenured executive Emad Dlala, Lucid’s senior vice president of engineering and software. Per analysis by industry blog EV, Dlala’s exit is the 14th by a top exec since late 2023.

In April, Lucid named Silvio Napoli, a former elevator/escalator company CEO, as its chief executive. Last month, Lucid reported a deeper-than-expected Q1 loss.

Exclusive: Top Lucid Motors executive departs amid new CEO's leadership shakeup | TechCrunch

In April, Lucid named Silvio Napoli, a former elevator/escalator company CEO, as its chief executive. Last month, Lucid reported a deeper-than-expected Q1 loss.

Max Knoblauch6h

Cracker Barrel soars, on pace for its best trading day ever after earnings beat

Country-themed restaurant chain Cracker Barrel is soaring on Wednesday, on pace for its best trading day ever following an earnings beat on Tuesday afternoon.

The chain, known for its rocking chairs, little peg games, and various memorabilia featuring the American flag/Route 66/wagon wheels, reported Q3 sales of $797.4 million, beating Wall Street expectations of $776.7 million. It posted adjusted earnings of $0.29 per share, compared to the $0.48 per-share loss expected by analysts polled by FactSet.

Cracker Barrel also hiked its fiscal year revenue forecast to between $3.27 billion and $3.3 billion, up from $3.24 billion to $3.27 billion.

Those results have propelled the stock to gains of more than 26% on Wednesday, putting the chain on track to surpass its previous highest daily market gain of 25% in November 2008. Traders are pouring into the stock, with trading volumes up more than 6x their 30-day average.

As of Wednesday morning, Cracker Barrel shares are now up more than 80% in 2026.

Helena Cheng7h

Oscar Health continues its push higher after getting Barclays upgrade

Oscar Health shares surged Wednesday, fueled by an upgrade from Barclays after the company reiterated its full-year guidance earlier this week.

The stock has rallied lately, up about 40% from its June 3 closing price and pushing to its highest levels since the hype days just after its IPO in March of 2021.

Barclays upgraded the insurer to “overweight” from “equal-weight” and raised its price target to $35 from $30, according to Investing.com. Analysts cited the company’s focused participation in the fast-growing Affordable Care Act market as an avenue for potential growth.

On Monday at a Goldman Sachs healthcare conference, Oscar reassured investors by reaffirming the company’s full-year 2026 financial guidance, according to a company filing.

The recent momentum comes after Oscar reported strong Q1 results in May. The company reported revenue of $4.65 billion, up from $3 billion for the first quarter of 2025, driven by higher membership and rate increases.

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