Intel plans to cut thousands of jobs to finance recovery, Bloomberg News reports

Intel declined to comment on the report when contacted by Reuters. The U.S chipmaker remains a major player in the personal computer and server markets, but has struggled to keep pace with the growing ...

Intel to Cut Thousands of Jobs to Reduce Costs, Fund Rebound

(Bloomberg) -- Intel Corp. plans to eliminate thousands of jobs to reduce costs and fund an ambitious effort to rebound from an earnings slump and market share losses.Most Read from BloombergSinger Ak ...

Why Lumen Technologies Stock Jumped 77.3% Today

The boom in AI data centers could pay off for Lumen Technologies.

AMD stock jumps on earnings beat driven by AI chip sales

Shares of AMD rose in after-market trading after the company beat Wall Street's earnings estimates on better-than-anticipated AI chip sales.

Microsoft stock drops over 6% after results fall short in latest AI disappointment

Microsoft shares fell more than 6% after disappointing cloud revenue results.

Microsoft's slow cloud growth signals AI payoff will take longer

(Reuters) -Microsoft said it would spend more money this fiscal year to build out AI infrastructure even as growth slowed in its cloud business, another sign the payoff from hefty investments in the t ...