economy
What an Apple deal to buy Intel chips would mean for the iPhone maker
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- The S&P 500 gained over 2% this week, with AI-related technology stocks leading the rally.
- Intel saw substantial gains on news of a potential deal with Apple to manufacture chips.
- Broadcom is reportedly in talks for a $35 billion financing deal to fund AI chip development.
- Cybersecurity stocks like Palo Alto Networks and CrowdStrike are showing strength.
- Upcoming economic data includes April CPI, PPI, and retail sales reports, with implications for Federal Reserve rate cuts.
- Qnity Electronics, Cisco Systems, and Applied Materials are among the few S&P 500 companies reporting earnings next week.