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Stock Market Today, July 24: Intel Reverses Gains on Foundry and AI Spending Concerns
Investors refocused on Intel's foundry demand and high spending after quarterly revenue rose 25% year over year, raising dilution concerns.
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Stock Market Today, July 24: Intel Reverses Gains on Foundry and AI Spending Concerns
Intel (NASDAQ:INTC), a leading semiconductor manufacturer, closed down 7.89% at $92.32. Investors sold off Intel shares after initial optimism following yesterday’s earnings, as questions about foundry customers and artificial intelligence (AI) progress took focus. Trading volume reached 179.1 million shares, coming in about 36% above its three-month average of 131.4 million shares.How the markets moved todayS&P 500 closed at 7,412, up 0.05%, wh…
·Alexandria, United States
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Total News Sources2
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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