00:00It's Benzinga bringing Wall Street to Main Street.
00:02Intel shares fell in pre-market trading Friday as investors pulled back from large cap technology
00:08stocks in a broader risk-off move that weighed on the semiconductor sector, according to Benzinga.
00:13NASDAQ futures fell 0.36% and S&P 500 futures slipped 0.07%, while Intel remained up 372.46
00:24%
00:24over the past 12 months. The decline followed gains on Thursday after reports that
00:29MetaPlatforms plans to double its in-house compute capacity to 14 gigawatts next year.
00:34Micron Technology also announced plans to invest more than $250 billion in the U.S. through 2035.
00:41Intel is scheduled to report second quarter results on July 23rd, with analysts expecting
00:46earnings of 19 cents per share on revenue of $14.40 billion. Shares were down 2.77% at $109
00:54.42
00:54during pre-market trading on Friday, according to Benzinga Prodata.
00:58For all things money, visit Benzinga.com.
Comments