By WSJ Staff
Intel $(INTC)$: Shares of the chipmaker soared more than 20% premarket after it issued upbeat guidance and reported strong sales amid a resurgence in demand for its CPUs. That's also boosting shares of Advanced Micro Devices $(AMD)$, which also makes CPUs.
TSMC (TW:2330), $(TSM)$: Shares rose 5% in Taipei after regulators eased a limit on how much funds can invest in a single stock, enabling managers to pile into the chip maker. U.S.-traded American depositary receipts tied to TSMC also rose premarket.
Avis Budget Group $(CAR)$: Shares of the car-rental company ticked down premarket after sliding 68% over the last two days. A short squeeze that had sent shares of Avis skyrocketing is unwinding.
Volvo (SE:VOLV.B): The Swedish truck maker said truck orders rose 14%, though net profit in the first quarter declined. Shares edged up in Stockholm.
Nike $(NKE)$: The sneaker and athletic apparel company said it is cutting its workforce by some 1,400 workers, or about 2%, as part of its plan to simplify its global operations. Shares ticked higher premarket.
Procter & Gamble $(PG)$ will report earnings before the opening bell.
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(END) Dow Jones Newswires
April 24, 2026 05:25 ET (09:25 GMT)
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