Nvidia-Intel Deal; Darden Decline; Cracker Barrel Lowers
On this episode of Stock Movers:
- Nvidia (NVDA) and Intel (INTC) are both higher this morning on news Nvidia agreed to invest $5 billion in Intel and the two will co-develop chips for PCs and data centers. Intel will use Nvidia’s graphics technology in upcoming PC chips and provide its processors for data center products built around Nvidia hardware.
- Darden Restaurants (DRI) is lower this morning ahead of the bell after 1Q comparable sales for the company’s core restaurant brands showed greater-than-expected deceleration from the previous quarter. Profits also trailed Street expectations for the quarter, hurt in part by food inflation, while slight boost to annual top-line forecasts fail to flow to the bottom line, which was maintained.
- Cracker Barrel (CRBL) is lower on news it projects revenue in fiscal 2026 to be in a range of $3.35 billion to $3.45 billion, which missed expectations.
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