Oracle Makes Massive Clean-Energy Push to Feed Growing AI Power Demand
Oracle targets 100% carbon-free power for AI data centers by 2035 with a major 1.7 GW wind energy investment in Texas.
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What's Going On With Intel Stock Tuesday?
Intel stock gains 1%+ in a down market. Check critical INTC support and resistance levels, moving averages, and momentum indicators.
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Oracle’s AI Fortress Goes Beyond OpenAI, Analyst Calls Stock ‘Essential’
ORCL stock dips to $144.95 premarket. Jeff Kilburg names Oracle an essential AI trade as growth metrics hit 96.46.
Stock Market Today, Sept. 16: Stocks Slip as Fed Raises Rates
The Federal Reserve raised interest rates by 25 basis points to 3.50%-3.75%, marking the first hike in three years. Major indices declined with the S&P 500 falling 0.45%, Dow Jones dropping 1.21%, and Nasdaq slipping 0.01%. AI stocks recovered slightly with Dell, Intel, and Nvidia finishing in the green. Traders are pricing in potential further rate hikes, which typically pressure equities in the short term but historically lead to gains within a year.
Stock Market Today, Sept. 16: Intel Jumps on SK Hynix Memory-Chip Manufacturing Talks
Intel stock surged 4.03% to $101.05 on reports of potential manufacturing talks with SK Hynix to produce memory chips domestically in the U.S. for the first time. Multiple analyst target raises, including Melius Research's $165 price target and potential $200 upside in two years, also drove the gain. The deal could strengthen Intel's foundry business and attract high-profile customers amid growing AI demand.
SK Hynix, Intel May Make Memories in Ohio: These ETFs Are Along for the Ride
SK Hynix and Intel are exploring U.S. memory chip production as demand for DRAM and high-bandwidth memory surges. Here are the ETFs to watch.
Why Marvell Stock Rallied Today
Marvell Technology stock surged up to 5.4% following reports of a potential deal between SK Hynix and Intel to manufacture memory chips in the U.S. for the first time. As a partner of SK Hynix working on data transfer acceleration, Marvell benefits from any steps to ease the memory chip shortage bottleneck in AI. While Marvell trades at a premium valuation of 34x next year's earnings, its record revenue and accelerating growth support the positive momentum.