Intel Corp (NASDAQ:INTC, XETRA:INL) shares surged 24% to around $83 on Friday following stronger-than-expected quarterly results, with analysts at Wedbush and Jefferies pointing to accelerating AI-driven demand for server chips and improving near-term visibility for the company’s manufacturing roadmap.
According to Wedbush, the quarter reinforced that compute demand, particularly for server CPUs, has become the dominant near- to intermediate-term growth narrative for Intel Corporation.
Newmont Corporation (NYSE:NEM, TSX:NGT, ASX:NEM, XETRA:NMM) shares rose nearly 3% on Friday after the world’s largest gold miner posted stronger-than-expected first-quarter earnings and free cash flow, helped by higher gold prices, stronger production and lower costs.
The company also said it had exhausted its previous $6 billion share repurchase authorization and approved an additional $6 billion buyback program, underscoring confidence in cash generation despite cost pressures tied to higher oil prices and increased royalties in Ghana.
Procter & Gamble Co (NYSE:PG, XETRA:PRG) beat Wall Street estimates for third-quarter revenue and profit on Friday, helped by stronger demand for beauty products and steady volume growth across its household staples business.
The Tide detergent maker reported quarterly revenue of $21.2 billion for the period ended March 31, above analysts’ average estimate of $20.57 billion, according to company data. Net sales rose 7% from a year earlier.
Arc Minerals Ltd (AIM:ARCM, OTC:ACMNF) shares fell 12.8% to 0.41p after £3 million was raised through a placing and subscription at a slight discount to fund exploration in Botswana’s Kalahari copper belt.
Arc said the funds will support an exploration campaign within its licence in the Zone 5 Corridor, including ongoing geophysical work ahead of drilling planned for the second half of the year.
Blue Star Capital plc shares fell 10% to 11.5p after an update on investee SatoshiPay flagged a security incident.
The investing company said a software exploit on the Hyperbridge protocol allowed an attacker to mint around 1 billion bridged DOT tokens, which were swapped via SatoshiPay-linked liquidity pools.