Intel Corporation Shares Gain on Reports of $3.5 B Federal Grant
Intel Corporation (INTC) shares surged 4.25% to $20.50 as reports emerged of a potential $3.5 billion federal grant for Pentagon chip production.
The funding, part of the “Secure Enclave” program, aims to bolster domestic semiconductor manufacturing for critical military and intelligence applications. Intel plans to invest in an Arizona production plant, cementing its position as a key supplier for national security technology. Despite recent poor performance across all timeframes, this news has given the stock a boost.
With a market cap of $87.637 billion and a forward P/E ratio of 18.62, Intel’s alignment with strategic national priorities could signal a turnaround for the chip giant.
CrowdStrike Holdings Stock Climbs After Expansion of Accelerator Program in Partnership with AWS and NVDA
CrowdStrike Holdings (CRWD) saw its stock climb 4.10% to $269.75 following the announcement of its expanded Cybersecurity Startup Accelerator program.
In partnership with Amazon Web Services (AWS) and newly joined NVIDIA (NVDA), the program offers selected startups a free eight-week curriculum, up to $25,000 in AWS credits, and potential funding opportunities.
This initiative not only solidifies CrowdStrike’s position in the cybersecurity ecosystem but also fosters innovation in the field. Trading near the upper end of its 52-week range, CrowdStrike boasts a market cap of $66.123 billion and has garnered bullish sentiment from analysts, reflecting its strong performance and growth potential in the cybersecurity market.
Oracle Corporation Jumps on Strategic Partnership with AWS
Oracle Corporation (ORCL) shares jumped 5.26% to $170.56 after announcing a strategic partnership with Amazon’s cloud unit (AWS).
This move follows similar alliances with Microsoft and Google, marking Oracle’s adaptive strategy in the competitive cloud and AI landscape. By placing its hardware inside partners’ data centers, Oracle aims to provide faster processing between its databases and partner cloud services.
The company continues to pitch its own cloud platform as a cost-effective alternative while also offering private cloud solutions for businesses with specific needs. Trading near all-time highs with a market cap of $472.617 billion, Oracle’s stock reflects its strong performance across all timeframes, though analyst recommendations remain mixed.More By This Author:3 AI Stocks Worth Buying In September 2024Over 30,000 Boeing Workers Go On Strike, Stock TumblesStocks To Watch Today: UBER, ADBE, And MSTR
