Stock Movers: Intel, Alphabet, HCA
Intel shares hit a record high after delivering a sales forecast that exceeded Wall Street expectations, while Alphabet's investment in Anthropic PBC boosted its shares, and HCA Healthcare tumbled after reaffirming its yearly adjusted earnings forecast. Intel's stock soared as much as 28% to $85.22 in New York trading.
Intel shares reached a record high after the chipmaker delivered a sales forecast that shattered Wall Street expectations, showing it's benefiting from a boom in AI spending. The company's stock soared 28% to $85.22 in New York trading. Alphabet will invest $10 billion in Anthropic PBC, with another $30 billion potentially to follow, strengthening their relationship in the AI race. HCA Healthcare tumbled after reaffirming its yearly adjusted earnings forecast of $29.10 to $31.50 a share despite beating analysts' views in the first quarter. The hospital operator reported first-quarter adjusted earnings of $7.15 a share, compared to the average analyst estimate of $7.10 a share.
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