:

INTEL BEATS EARNINGS AS STOCKS SLIDE ON IRAN TENSIONS

INDUSTRY DESK1 MIN READ
FRI, APR 24, 2026

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.

Intel Corp. reported earnings that exceeded expectations and provided an optimistic outlook for current-period sales, signaling the chipmaker is capitalizing on the artificial intelligence infrastructure expansion. The company's shares surged on the positive guidance. Despite Intel's strong performance, U.S. stocks retreated as Iran-related jitters pressured broader market sentiment. The decline reflected a flight to safety among investors amid heightened geopolitical risk. The market close featured analysis from major institutional players, including executives from Raymond James, Zscaler, Stifel, and portfolio managers from Janus Henderson and PIMCO. The session highlighted a divergence between tech strength—particularly in AI-benefiting sectors—and broader market caution tied to international concerns.

■ MORE FROM THE BIG TECH DESK

Apple is reportedly redesigning the iPhone interface around a redesigned Siri. The overhaul marks a significant shift in how the voice assistant integrates with iOS.

YESTERDAYIndustry Desk

Tencent is shifting strategy toward smaller AI models to compete with Chinese rivals. Executive Vice President Dowson Tong revealed that AI now accounts for over 20% of the company's revenue and generates 95%+ of new internal code.

YESTERDAYAI Desk

Dell reported Q1 revenue of $43.84B, up 88% year-over-year and significantly above the $35.43B analyst estimate. The company also issued FY 2027 guidance above expectations, sending shares up 15% in after-hours trading.

YESTERDAYIndustry Desk

Anthropic, the company behind Claude, has raised $65 billion in funding to reach a $965 billion valuation, surpassing OpenAI as the most valuable AI startup. The massive funding round reflects continued investor appetite for artificial intelligence companies.

YESTERDAYAI Desk

■ SUBSCRIBE TO THE DAILY BRIEF

ONE EMAIL, 5 STORIES, 06:00 UTC. UNSUBSCRIBE ANYTIME.