Foundry

Delta

Gains

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<p class="has-drop-cap">In a volatile market, three tech giants are making waves with significant announcements and stock movements. Intel Corporation (NASDAQ: INTC), Amazon.com Inc. (NASDAQ: AMZN), and CrowdStrike Holdings Inc. (NASDAQ: CRWD) are capturing investor attention with strategic shifts, AI advancements, and earnings updates.</p>
<h3 id="intel-corporation-intc-mulls-foundry-split">Intel Corporation (INTC) Mulls Foundry Split</h3>
<p>Intel’s stock surged 8.53% to $21.85 on reports that the company is <a href="https://tokenist.com/intel-mulls-foundry-split-amid-financial-struggles-stock-gains/" class="deco-link" rel="noopener noreferrer nofollow">exploring</a> a potential split of its chip design and manufacturing operations. <br><br>This strategic move comes as Intel grapples with mounting losses and intensifying competition in the AI chip market. The company reported a net loss of $1.61 billion in Q2 2024 and plans to lay off about 15,000 employees to reduce costs by $10 billion annually by 2025. <br><br>Despite securing nearly $20 billion in U.S. grants and loans to boost chip production, Intel’s stock remains down 55.94% year-to-date, significantly underperforming <a href="https://tokenist.com/investing/spx-vs-spy/" rel="noopener noreferrer nofollow" class="deco-link">the S&amp;P 500</a>.</p>
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<h3 id="amazon-com-inc-amzn-to-use-anthropic-s-models-in-supercharging-alexa-with-ai">Amazon.com Inc. (AMZN) to Use Anthropic’s Models in Supercharging Alexa with AI</h3>
<p>Amazon’s stock climbed 1.70% to $175.04 following news that the e-commerce giant <a aria-label="plans to use Anthropic's Claude AI models (opens in a new tab)" href="https://www.reuters.com/technology/artificial-intelligence/amazon-turns-anthropics-claude-alexa-ai-revamp-2024-08-30/" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">plans to use Anthropic’s Claude AI models</a> to power a revamped version of Alexa. The new “Remarkable” Alexa, set for release in October, will offer enhanced conversational abilities and more complex task execution for a monthly fee of $5 to $10. <br><br>This move represents a significant departure from Amazon’s typical preference for in-house technology development. With an estimated 100 million active Alexa users, analysts project potential annual revenues of $600 million if 10% opt for the paid version. Amazon’s stock has shown a year-to-date return of 15.21% and a five-year return of 95.98%.</p>
<h3 id="crowdstrike-holdings-inc-crwd-gains-as-ceo-addresses-delta-situation">CrowdStrike Holdings Inc. (CRWD) Gains as CEO Addresses Delta Situation</h3>
<p>CrowdStrike’s stock rose 0.75% to $273.70 as CEO George Kurtz addressed the <a href="https://tokenist.com/has-crowdstrikes-stock-bottomed-out-after-the-global-it-outage-selloff/" rel="noopener noreferrer nofollow" class="deco-link">recent IT outage</a> that affected businesses worldwide, including Delta Airlines (NYSE: DAL). <br><br>Kurtz acknowledged the incident’s impact and expressed willingness to find a resolution with affected clients. Despite the challenges, CrowdStrike beat Wall Street’s expectations for earnings and revenue, though it lowered its full-year guidance. <br><br>The company’s stock has demonstrated strong performance with a year-to-date return of 7.23% and an impressive five-year return of 226.64%. Analysts maintain a positive outlook with a one-year target estimate of $324.80.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em> <em>Stock prices quoted at the time of writing (12:16 PM EDT).</em><br></p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/stocks-to-watch-today-intel-crowdstrike-and-amazon/">Stocks to Watch Today: Intel, CrowdStrike, and Amazon</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Stocks to Watch Today: Intel, CrowdStrike, and Amazon

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