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26.04.26 - 17:27
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U.S. Gov′t Stake In Intel Is Now Worth ... (ZeroHedge)
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U.S. Gov't Stake In Intel Is Now Worth ...
Intel shares earlier jumped the most on record after the chipmaker delivered stronger-than-expected first-quarter results and issued a second-quarter forecast (read here) that beat Wall Street expectations.
Earlier, Intel shares jumped as much as 28%, rocketing to a record high and eclipsing their Dot Com peak, as Wall Street analysts cheered the earnings report as evidence that the chipmaker's turnaround is gaining traction.
Citi analyst Atif Malik raised Intel to “Buy” from “Neutral,” with a $95 12-month price target, reflecting “improving AI-driven CPU demand, which should lift all CPU suppliers' sales in the coming years.”
But in this note, the focus is on the value of the federal government's position in Intel after its August 2025 deal with the once-struggling company.
Under the August 2025 deal, the Trump administration agreed to purchase 433.3 million Intel shares at $20.47 per share, equal to about a 9.9% stake, valued at aro...
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25.04.26 - 14:12
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Facing AI and a tough job market, gen Z turns to entrepreneurship: ′I have to prove myself′ (The Guardian)
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As AI erases the bottom rungs of the corporate ladder, some gen Z workers skip the entry level to become their own CEOsWhen Ashley Terrell graduated from the University of Hawaii in 2024, she planned to find a job in marketing, maybe for a tech company. She had a bachelor's degree in business administration and a college résumé that included a student marketing job for Red Bull. But after months of applying, her only offer was to work in the power tools section at Home Depot. “It was quite a shock,” she told the Guardian. “I searched for jobs every single day in that Home Depot bathroom.”Terrell's generation is entering the workforce in a particularly unlucky moment. Hiring in the United States has slumped to its lowest rate since 2020, according to the Bureau of Labor Statistics. While workers of all ages are feeling the pressure of an uncertain economy, it's gen Z who is the most pessimistic about their job prospects: entry-level jobs are the most vulnerable to impacts from artificial intel...
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