Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
- Intel (INTC) shares hit a record high after the chipmaker delivered a sales forecast that shattered Wall Street expectations, showing that it’s finally benefiting from a boom in AI spending. The upbeat outlook suggests that Chief Executive Officer Lip-Bu Tan is making progress on a once-improbable turnaround. After lining up major investments in Intel last year — helping to strengthen the company’s balance sheet — he’s now delivering on a promise to improve operations. Intel’s stock soared as much as 28% to $85.22 in New York trading Friday, reaching a record high for the first time since August 2000. It had gained 81% this year heading into the report.
- Alphabet (GOOGL) will invest $10 billion in Anthropic PBC, with another $30 billion potentially to follow, strengthening the relationship between two companies that are at once partners and rivals in the race to build artificial intelligence. Anthropic said that Google is committing to invest $10 billion now in cash at a $350 billion valuation, the same amount it was valued at in a funding round in February, not including the recent money raised. The Alphabet Inc.-owned company will invest another $30 billion if Anthropic hits performance targets, the startup said Friday, and support a significant expansion of Anthropic’s computing capacity. Shares of Google were up on Friday after the news.
- HCA Healthcare (HCA) tumbled Friday after it opted against raising its yearly profit and sales guidance even though first quarter profit beat analysts’ views, meaning it could foresee challenges later in the year. The hospital operator reaffirmed its yearly adjusted earnings forecast of $29.10 to $31.50 a share. It reported first-quarter adjusted earnings of $7.15 a share, compared to the average analyst estimate of $7.10 a share. Adjusted earnings before interest, taxes, depreciation and amortization missed estimates.
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