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US Stocks to Watch: Intel, Mobileye, Microsoft, Dell, and More
Stock futures were higher Tuesday as Wall Street raised bets the Federal Reserve will cut interest rates this week by 50 basis points. Economic data to be released Tuesday includes monthly U.S. retail sales.Intel jumped 6.8% after the semiconductor maker said it would be turning its chip contract manufacturing business into an independent subsidiary and reached a multibillion-dollar agreement for Amazon.com's Amazon Web Services to manufacture chips at Intel factories using an advanced chip-making technology expected to go into production in 2025. Intel also said would be receiving $3 billion in federal funding to make chips for the Defense Department.Mobileye Global, the Israeli developer of driver-assistance technology, was rising 3.2% after the company wasn't mentioned as part of what Intel called "the next phase" of its "transformation." It was reported earlier this month by Bloomberg that Intel was considering options for its stake in Mobileye as part of a chip maker's overhaul.
US Stocks to Watch: Intel, Mobileye, Microsoft, Dell, and MoreDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.