Markets
markets
Luke Kawa

Intel surges on report that Nvidia and Broadcom are considering using it for advanced chip manufacturing

Intel is the best-performing S&P 500 constituent ahead of the market open after a report from Reuters indicating that Nvidia, Broadcom, and Advanced Micro Devices are running tests on the company’s advanced manufacturing capabilities, a prerequisite before going forward with any contracts.

Nailing down these high-profile chip designers as customers might help Intel put an end to its trend of sliding sales, which has seen annual revenues sink to their lowest level in over a decade.

Intel’s rally isn’t coming at the expense of market leader TSMC, the current standard for advanced chip manufacturing. Those shares are up modestly in the premarket, as well.

Year to date, Intel is up 18.4% and has posted the best returns of any member of the VanEck Semiconductor ETF, which is down 2.8% in 2025.

Acquisition rumors have been swirling around the once mighty chipmaker for months, and Broadcom is also one of the reported suitors for Intel’s design business.

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Luke Kawa
8/17/26
Credit markets have a “debt” problem, not a “risk” problem

We’re getting a lot of borrowing, and that borrowing is risk-reducing (for now!)

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Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

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markets
J. Edward Moreno

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

Luke Kawa
7/2/26
US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Luke Kawa
7/1/26
Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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