Intel (INTC) stock rocketed 25% higher in early trading Friday after the company reported better-than-anticipated first quarter earnings and positive Q2 outlook on Thursday, sending shares soaring as much as 15%.
Intel's Data Center segment powered the beats, as the company's central processing units (CPUs) become an increasingly important part of the AI industry.
And while Intel noted it continues to deal with supply constraints, it still expects double-digit growth in the segment for the year. PC chip sales will slow in the back half of 2026.
Elsewhere, Meta (META) will layoff 10% of its workforce, amounting to some 8,000 people. The company also won't fill 6,000 open positions.
The move comes that Microsoft (MSFT) said it will offer certain US employees voluntary buyouts. A person familiar with the matter said the company is targeting roughly 7% of the US workforce.
#workforce #intc
Intel's Data Center segment powered the beats, as the company's central processing units (CPUs) become an increasingly important part of the AI industry.
And while Intel noted it continues to deal with supply constraints, it still expects double-digit growth in the segment for the year. PC chip sales will slow in the back half of 2026.
Elsewhere, Meta (META) will layoff 10% of its workforce, amounting to some 8,000 people. The company also won't fill 6,000 open positions.
The move comes that Microsoft (MSFT) said it will offer certain US employees voluntary buyouts. A person familiar with the matter said the company is targeting roughly 7% of the US workforce.
#workforce #intc
6 days ago
