INTEL BEATS EARNINGS AS STOCKS SLIDE ON IRAN TENSIONS
Intel delivered a strong earnings beat and raised its sales forecast, citing gains from the AI infrastructure buildout. The broader market declined as geopolitical tensions weighed on investor sentiment.
■ MORE FROM THE BIG TECH DESK
MiniMax Group Inc.'s stock plummeted following JPMorgan Chase's second price target reduction in under a week. The downgrade cites value dilution concerns from the Chinese AI model maker's recent fundraising round.
Hyundai Motor workers launched a three-day partial strike Monday, demanding higher bonuses and job protections against AI and robotics displacement. The move follows recent wage gains at semiconductor competitors.
The White House is requiring its official app to be installed on all government employee devices, according to reports. The mandate covers federal workers across agencies.
Netflix confronts investor concerns as subscriber growth plateaus. The streaming giant must demonstrate its ability to maintain momentum in an increasingly competitive market.