To The Moon

The company is freeing another major business as it tries to unlock shareholder value.

$Intel$ led the major semiconductor stocks remaining green in morning trading; it gained over 4% while $Advanced Micro Devices$ rose over 2%.$Intel$ swung to a quarterly profit after two quarters of record losses, boosted by a turnaround in the personal-computer market. The $1.5 billion profit defied analysts' expectations of another loss. It came after the $2.76 billion shortfall that Intel reported the previous quarter, the worst ever recorded for the storied chip maker.

Federal Reserve Chair Jerome Powell told lawmakers on Tuesday interest rates are likely to rise more