Tech stocks today: Intel stock soars 25%, Meta to cut 10% of workforce, Microsoft offerings buyouts
Tech stocks today: Intel stock soars 25%, Meta to cut 10% of workforce, Microsoft offerings buyouts.
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Intel ( INTC ) stock rocketed 25% higher in early trading Friday after the company reported better-than-anticipated first quarter earnings and positive Q2 outlook on Thursday, sending shares soaring as much as 15%.
Intel's Data Center segment powered the beats, as the company's central processing units (CPUs) become an increasingly important part of the AI industry.
And while Intel noted it continues to deal with supply constraints, it still expects double-digit growth in the segment for the year. PC chip sales will slow in the back half of 2026.
Elsewhere, Meta ( META ) will layoff 10% of its workforce, amounting to some 8,000 people. The company also won't fill 6,000 open positions.
The move comes that Microsoft ( MSFT ) said it will offer certain US employees voluntary buyouts. A person familiar with the matter said the company is targeting roughly 7% of the US workforce.
Tech companies are increasingly looking for ways to save cash, as they spend billions constructing data centers and developing AI models.
Sinergia Empresarial continuará el seguimiento de esta información sobre tech stocks today: Intel stock soars 25%, Meta to cut 10% of workforce, Microsoft offerings buyouts y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.
