On this episode of Stock Movers:
- Intel (INTC) shares are higher as it approached Apple about securing an investment in the ailing chipmaker, according to people familiar with the matter, as part of efforts to bolster a business that’s now partially owned by the US government. A deal with Apple would represent further validation of the chipmaker’s turnaround bid, although it’s unlikely that Apple would switch back to Intel processors in its devices.
- Oracle (ORCL) is falling as Rothschild & Co Redburn initiates coverage of the software giant with a sell rating, saying the market is materially overestimating the value of the firm’s cloud revenues.
- Carmax (KMX) slides after the used car retailer reported significant earnings per share and sales shortfalls for the second quarter. CarMax Auto Finance (CAF) income decreased 11.2% as an increase in the provision for loan losses outweighed growth in CAF’s net interest margin percentage. 
- Cipher Mining (CIFR) is higher on news Google's taking a stake int he company as part of an AI hosting deal. Google will receive warrants to buy about 24 million shares of Cipher Mining’s stock, equating to an about 5.4% pro forma equity ownership stake, as part of Cipher’s 10-year AI hosting agreement with Fluidstack.

On this episode of Stock Movers: - Intel (INTC) shares are higher as it approached Apple about securing an investment in the ailing chipmaker, according to people familiar with the matter, as part of efforts to bolster a business that&rsquo;s now partially owned by the US government. A deal with Apple would represent further validation of the chipmaker&rsquo;s turnaround bid, although it&rsquo;s unlikely that Apple would switch back to Intel processors in its devices. - Oracle (ORCL) is falling as Rothschild &amp; Co Redburn initiates coverage of the software giant with a sell rating, saying the market is materially overestimating the value of the firm&rsquo;s cloud revenues. - Carmax (KMX) slides after the used car retailer reported significant earnings per share and sales shortfalls for the second quarter. CarMax Auto Finance (CAF) income decreased 11.2% as an increase in the provision for loan losses outweighed growth in CAF&rsquo;s net interest margin percentage. - Cipher Mining (CIFR) is higher on news Google's taking a stake int he company as part of an AI hosting deal. Google will receive warrants to buy about 24 million shares of Cipher Mining&rsquo;s stock, equating to an about 5.4% pro forma equity ownership stake, as part of Cipher&rsquo;s 10-year AI hosting agreement with Fluidstack.

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Stock Movers

Intel-Apple Possible Investment; Oracle Dips; Carmax Slides

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