Intel Shares Drop as Chipmaker Raises $15 Billion to Fuel AI Expansion
Intel cashes in on its stock rally with a $15 billion share sale aimed at boosting production capacity for surging AI demand.
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Boeing Hands Flying-Taxi Unit to Archer in Exchange for 20% Stake
Boeing transfers Wisk Aero, SkyGrid & Insitu to Archer for nearly 20% stake. Boosts eVTOL and defense ops. Closes by end-2026.
MarineMax Agrees to $1.5 Billion Take-Private Deal with Blackstone’s Safe Harbor
MarineMax will be bought by Safe Harbor for $1.5 billion, giving shareholders $53 per share and taking the company private.
Jefferies Downgrades Apple to Underperform After Cancelling 20th-Anniversary All-Glass iPhone
Apple scraps planned 20th-anniversary all-glass iPhone over production issues. Jefferies cuts rating and EPS estimates.
Morgan Stanley Turns More Positive on IT Hardware, Upgrades HPE and NetApp
Morgan Stanley raises U.S. IT hardware outlook to In-Line, upgrades HPE and NetApp on AI-driven demand, while downgrading Teradata.
Greg Abel Finally Puts Berkshire’s Massive Cash Pile to Work
Berkshire Q2 profit jumps 16% to $13B, beating forecasts. CEO Abel cuts cash pile, buys $10B Alphabet stock & accelerates $7.8B buybacks.