Intel Corp (INTC) shares surged 7% on Tuesday as Wall Street cheered the chip giant's move to take its self-driving-car unit public at a time when global carmakers are spending billions of dollars to accelerate their transition to electric vehicles.
* Intel (INTC) jumps on plans to list self-driving car unit. * Travel shares join rebound. * Futures climb: Dow 1.01%, S&P 1.31%, Nasdaq 1.80% By Sruthi Shankar and Devik Jain. Dec 7 - U.S. stocks looked set to open 1% higher on Tuesday as technology firms bounced back on easing concerns around the Omicron variant, while Intel (INTC) jumped after plans to take its self-driving car unit public.
-Wall Street's main indexes finished Tuesday's session with strong gains as investors shook off some anxiety about the latest coronavirus variant and investors boosted Nasdaq by piling into technology stocks. Intel's (INTC) announcement of plans to take its self-driving car unit Mobileye public in the United States next year pushed his shares to a 3% gain and cheered chip investors across the board.
* Futures up: Dow 0.97%, S&P 1.26%, Nasdaq 1.73% Futures tracking the Nasdaq 100 index jumped on Tuesday as technology stocks rebounded with easing concerns about the Omicron variant, while shares in chip giant Intel (INTC) rose following plans to take its self-driving-car unit public.
* Report on SEC probe drags Tesla shares lower. * Kohl's (KSS) up as Engine Capital asks for sale of e-commerce platform. * Indexes up: Dow 2.17%, S&P 1.55%, Nasdaq 1.16% By Devik Jain, Shreyashi Sanyal and Alden Bentley.
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing…
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles. The company provides x86 microprocessors for desktop PCs under the AMD Ryzen, AMD Ryzen PRO, Ryzen, Threadripper, AMD A-Series, AMD FX, AMD Athlon, AMD Athlon PRO, and AMD Pro A-Series processors brands; microprocessors for notebook and 2-in-1s under the AMD Ryzen, AMD A-Series, AMD Athlon, AMD Ryzen PRO, AMD Athlon PRO, and AMD Pro A-Series processors brands; microprocessors for servers under the AMD EPYC and AMD Opteron brands; and chipsets under the AMD trademark. It also offers discrete GPUs for desktop and notebook PCs under the AMD Radeon graphics and AMD Embedded Radeon brands; professional graphics products under the AMD Radeon Pro and AMD FirePro graphics brands; and Radeon Instinct and AMD Instinct accelerators for servers. In addition, the company provides embedded processor solutions under the AMD Opteron, AMD Athlon, AMD Geode, AMD Ryzen, AMD EPYC, AMD R-Series, and G-Series processors brands; and customer-specific solutions based on AMD CPU, GPU, and multi-media technologies, as well as semi-custom SoC products. It serves original equipment manufacturers, public cloud service providers, original design manufacturers, system integrators, independent distributors, online retailers, and add-in-board manufacturers through its direct sales force, independent distributors, and sales representatives. Advanced Micro Devices, Inc. was founded in 1969 and is headquartered in Santa Clara, California.
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