LIP BU TAN
Wall Street drops to its worst day since June after the sell-off for tech stocks deepens
Wall Street’s tech sell-off deepened on Friday as investors questioned whether massive spending on artificial intelligence will deliver enough returns to justify lofty valuations. The S&P 500 fell 1.8% and the Nasdaq 2.9%, with Intel plunging nearly 29% and Nvidia down 4.2%, while bitcoin also slid after a major hack at Binance.
Intel stock plunges 30% as weak PC demand and AI costs trigger global chip selloff
Intel shares plunged 30% after the chipmaker issued a weak fourth-quarter revenue forecast and warned of negative cash flow for the year. The warning triggered a global semiconductor selloff, with Nvidia, AMD and other chip stocks declining as weak PC demand and rising AI infrastructure costs weighed on sentiment.
Why Intel stock price down today? How the AI memory crunch and weak PC demand hit its forecast, and could the selloff deepen?
Intel (INTC) Stock Crash: Intel shares fell about 29 per cent on Friday after a weak December quarter forecast. Falling PC demand and costlier memory chips are hurting the company, and the selloff has spread to other chip and server stocks.
US stock market crash today: Why are Dow Jones, Nasdaq and S&P 500 falling? Intel, Amazon, Nvidia and AMD stocks slide
Why is the US stock market down today? Weak earnings from Intel and Amazon, plus AI worries, pulled the Nasdaq down 2.14% and the S&P 500 down 1.29%. Dow Jones is at 52,113.50, down 0.44%. Nvidia, AMD and Reddit also fell.
Intel forecast disappoints as Israel fab blast, PC weakness weigh
The guidance could test confidence in a stock that has more than doubled this year, as investors weigh ongoing manufacturing constraints and soft PC demand against strong demand for its AI server chips and efforts to revive growth through a costly foundry expansion.
Intel Stock crashes 21% despite earnings beat: Why is Wall Street worried about INTC’s Q4 outlook?
Intel stock (INTC) plunged more than 21% in after-hours trading after its third-quarter earnings report revealed a weaker-than-expected fourth-quarter outlook. Despite beating earnings estimates and posting 78% growth in data center and AI revenue, the chipmaker warned that the PC slowdown could continue into the first half of next year.
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Luis Ceze, a professor, turned his lab's project into a startup. Nvidia bought it, made him Vice President, and he kept teaching
Nvidia acquired OctoAI, a software startup founded in 2019, reportedly for $165 million. Following the acquisition, OctoAI was dissolved as an independent entity, and its CEO joined Nvidia as VP. Luis Ceze focuses on AI systems software in his role at Nvidia. OctoAI specialized in generative AI platforms, having reportedly raised over $132 million since its inception.
E-bike startup Ultraviolette targets 10,000 monthly sales by 2027-end
E-scooters account for close to 20% of new scooter sales in India, while electric motorcycles make up less than 1% of new motorcycle sales, he added. He expects electric motorcycle adoption to pick up as more manufacturers introduce products, similar to the increase seen in e-scooter penetration over the past three years.
Korea’s KOSPI crashes another 5% as AI rout deepens; AI bellwether down over 40% from peak
Chip heavyweight SK Hynix Inc. headed for its lowest close since April. Data-center infrastructure company Elice Inc. plunged as much as 32% in its trading debut in Seoul. Both AI bellwethers SK Hynix and Samsung have plunged 35% and 22%, respectively.
From worst to best: How IT stocks staged a Rs 2.6 lakh crore revival this week
Indian IT stocks staged a sharp comeback this week, adding Rs 2.6 lakh crore in market value as the sector gained 12% to become the best-performing index. Better-than-expected Q2 earnings, positive management commentary and a selloff in AI-linked stocks helped revive sentiment, even as concerns over AI adoption and earnings growth persist.
Rs 82,500 crore rally in 3 days: Why TCS, HCL Tech, other IT stocks jumped up to 12% in 3 days and will the boom last?
Indian IT stocks have rebounded sharply. The Nifty IT index has risen 8%, adding Rs 82,500 crore to the sector’s market capitalisation. The rebound follows a selloff in global AI-linked stocks driven by concerns over stretched valuations, concentration risks and uncertain returns on heavy AI investments.
Rs 26,340 crore added in minutes! Why HCL Tech, TCS and other IT stocks rallied up to 7%
Indian IT stocks rallied up to 7%, with the Nifty IT index gaining 3.3%, as concerns over rising AI investment costs and uncertain returns rattled global technology stocks. Broadcom and Intel executives flagged capital constraints, prompting investors to reassess the AI boom. Separately, OpenAI told investors its September annualised revenue was nearly $50 billion, below its earlier indicated figure of $70 billion.
Intel CEO says Chinese frontier AI model adoption has been 'very fast'
At a recent panel, Intel CEO Lip-Bu Tan discussed the swift integration of Chinese frontier AI models like DeepSeek, Kimi, and GLM. He noted their satisfactory performance and stressed that open-source development facilitates greater efficiency. Tan forecasted a mainstream shift in quantum computing within three to five years and underscored the vital role of software in streamlining essential infrastructure.
ETtech Deals Digest: Ultraviolette leads weekly startup funding of $110 million
The increase was driven by Ultraviolette, which accounted for more than three-fourths of the capital raised during the week. Late-stage deals made up 77.3% of the funding, while seed-stage and early-stage rounds accounted for 14.9% and 7.8%, respectively.
VCs hungry for kitchen startups; Vala Afshar’s blueprint for India’s AI future
Happy Thursday! Venture capital investors are betting on the premiumisation wave wafting into Indian kitchens. This and more in today’s ETtech Morning Dispatch.
Ultraviolette's fresh funding; Bira 91 revival plan
Ultraviolette has roped in Intel chief Lip-Bu Tan as an investor and advisor after a fresh capital raise. This and more in today’s ETtech Top 5.
E-bike maker Ultraviolette raises $85 million, ropes in Intel chief Lip-Bu Tan as investor, advisor
The funding has come in at a time when the startup is preparing to launch two new models and expand into more international markets.
Ex-Infosys CEO Vishal Sikka’s startup Hang Ten Systems raises $53 million
Hang Ten is building AI software for large enterprises, with a focus on software development and other technology-intensive work. Its platform uses AI agents to automate parts of enterprise software projects, including development, migration, finance and analytics.
Intel CEO Lip-Bu Tan reconsidering fate of chipmaker's 18A manufacturing tech, CFO says
Intel CEO Lip-Bu Tan is now starting to recognize its 18A manufacturing technology as a potential offering for external clients after relegating it largely to internal use last year, Chief Financial Officer David Zinsner said on Wednesday during a tech conference in San Francisco.
Intel to invest additional $208 million in Malaysia, PM says
Anwar said in a social media post on Monday that the announcement followed a meeting between himself and Intel CEO Lip-Bu Tan.
Indian envoy Kwatra, Intel CEO discuss semiconductor, AI plans for India
India’s Ambassador to the US, Vinay Mohan Kwatra, held a virtual meeting with Intel CEO Lip Bu Tan to discuss the company’s semiconductor and AI plans in India. The talks align with India’s push to boost these sectors ahead of the India-AI Impact Summit 2026 in New Delhi next February.
Trump says Intel has agreed to a deal for US to take 10% equity stake
President Trump announced the U.S. would acquire a 10% stake in Intel following a meeting with CEO Lip-Bu Tan, spurred by concerns over Tan's ties to Chinese firms. This move, part of Trump's strategy to bolster U.S. semiconductor and rare earth industries, aims to revive Intel's struggling foundry business after a significant annual loss.
Trump says Intel has agreed to a deal for US to take 10% equity stake; Intel shares surge 6%
President Trump announced a deal where the U.S. would acquire a 10% stake in Intel, following a meeting with CEO Lip-Bu Tan. This move comes after Trump demanded Tan's resignation over ties to Chinese firms, resulting in a $10 billion investment. The federal backing aims to revive Intel's struggling foundry business amidst turnaround efforts.
Intel stock falls after Donald Trump calls for CEO Lip-Bu Tan to resign over China ties
Intel CEO Lip-Bu Tan latest news: US President Donald Trump wants Intel CEO Lip-Bu Tan to resign. Trump says Tan is conflicted. Intel's stock fell after Trump's statement. Concerns exist about Tan's ties to China. Senator Tom Cotton also questioned Tan's connections. Intel is restructuring its business. The company is cutting foundry spending.
Who is Intel CEO Lip-Bu Tan — and why is Donald Trump demanding his resignation?
Trump demands Intel CEO resignation: Donald Trump is demanding Intel CEO Lip-Bu Tan's resignation, citing alleged ties to Chinese tech firms with military links, raising national security concerns. Senator Tom Cotton echoed these worries, questioning Tan's investments in China. Trump also threatened a 100% tariff on imported chips if companies don't manufacture them in the US.
Intel CEO, Malaysia-born tech veteran Lip-Bu Tan's connections with China companies, PLA army exposed. Details here
Intel CEO Lip-Bu Tan has made hundreds of investments in Chinese companies over decades through Walden International, the San Francisco venture capital firm he founded in 1987, and two Hong Kong-based holding companies, Sakarya Limited and Seine Limited.
Is Intel collapsing under CEO Lip-Bu Tan? What went wrong with one of Silicon Valley's most iconic companies
Intel, once a shining tech giant of Silicon Valley, is slowly losing the AI-chip battle against Taiwanese rival TSMC and Nvidia. Now, President Donald Trump's ultimatum to Intel CEO Lip-Bu Tan over China connections may perhaps deal a body blow.
Trump wants Intel CEO out: Meet the chip industry veteran Lip-Bu Tan who is under US President's radar
Donald Trump has urged for Intel CEO Lip-Bu Tan's immediate resignation, alleging ties to China that pose a national security risk. Republican lawmakers, led by Senator Tom Cotton, have raised concerns about Tan's financial involvement in Chinese companies, including those with reported links to the Chinese military. Cotton also questioned a criminal case involving Tan's former company, Cadence Design.
New Intel chair Lip-Bu Tan under fire over deep investments in Chinese firms, including some linked to the People's Liberation Army
Intel's CEO, Lip-Bu Tan, faces increasing scrutiny due to his extensive investments in Chinese tech firms, including those with ties to the People's Liberation Army. Concerns are mounting among investors regarding potential conflicts of interest, given Intel's critical role in US defense projects and Tan's ongoing involvement with numerous Chinese businesses and government entities.
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