Intel Corp (NASDAQ:INTC, XETRA:INL) scored a double upgrade to Buy from Underperform by Bank of America, which raised its price objective to $135 from $96 on higher confidence in the chipmaker's ability to capitalize on growing opportunities in central processing units and contract manufacturing.
Analysts now project Intel's total calendar year 2030 earnings per share power at more than $6, up from a prior estimate of $3 to $4, driven by expectations that agentic CPU sales could surpass $40 billion and external foundry revenue could exceed $45 billion by 2030.
Oracle Corp (NYSE:ORCL, XETRA:ORC) shares fell around 12% on Thursday after quarterly results drew investor scrutiny over the company's aggressive capital spending plans, even as a record backlog and strong cloud infrastructure growth pointed to durable demand for its AI buildout.
The stock dropped despite beats on revenue and earnings. Total revenue rose 21% year over year to $19.18 billion, edging past the Street's $19.1 billion estimate, while non-GAAP EPS of $2.11 topped consensus of around $1.97. Operating margin of 44.8% also cleared expectations.
Shares of corporate travel platform Navan (NASDAQ:NAVN) surged more than 12% on Wednesday after the company reported first-quarter results that beat expectations, with gross booking volume topping $3 billion for the first time.
Gross booking volume climbed 50% year-over-year in the quarter, while revenue growth accelerated to 40%, as the company continued to win market share from legacy travel management rivals. Non-GAAP operating margin reached 11%.
Premier African Minerals Ltd (AIM:PREM, OTC:PRMMF) shares oscillated between a 4% rise and a 14% loss after the company raised £800,000 to support ongoing work at its Zulu lithium and tantalum project in Zimbabwe.
The AIM-listed miner said it had completed a subscription for 4 billion new shares at 0.02p each, with the proceeds earmarked for operational activities at Zulu and general working capital.