Intel Extends Gains, Apple Climbs, Intuit Falls
On this episode of Stock Movers:
- Intel (INTC) Intel shares extended gains to as much as 6.6% after President Donald Trump says Intel has agreed to give the US a 10% stake. “They’ve agreed to do it and I think it’s a great deal for them,” Trump told reporters Friday at the White House. Trump cast the agreement as one that would revitalize the company, saying that “Intel has been left behind” compared to competitors in the chipmaking industry, and that he had floated the idea when he met with Intel Chief Executive Officer Lip-Bu Tan earlier this month.
- Apple (AAPL) is in early discussions about using Google Gemini to power a revamped version of the Siri voice assistant, marking a key potential step toward outsourcing more of its artificial intelligence technology. The iPhone maker recently approached Alphabet’s Google to explore building a custom AI model that would serve as the foundation of the new Siri next year, according to people familiar with he matter. Google has started training a model that could run on Apple’s servers, said the people, who asked not to be identified because the discussions are private. Shares of Google and Apple both climbed to session highs on Friday after Bloomberg News reported on the discussions.
- Intuit (INTU) shares fell as much as 7.1% in early Friday trading, the most intraday since August 2024, after the tax software company’s tepid forecast overshadowed an otherwise strong fourth quarter report.
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