On this episode of Stock Movers:
- Intel (INTC) shares are mixed. IntelCorp.'s revenue forecast is $15.8 billion to $16.8 billion in the third quarter, exceeding Wall Street's expectations. The company's sales in the data center segment soared 59% last quarter, driven by the artificial intelligence data center boom. Intel's Chief Executive Officer Lip-Bu Tan said the company is making progress in improving its production and is boosting its spending on equipment to meet demand.
- Oracle (ORCL) shares gain after the software company said it had been awarded a 10-year IDIQ contract by the US Department of Defense under its Enterprise Software Initiative. The contract is valued at $3.31 billion for the first five years and up to $6.99 billion if options are exercised.
-Canada Goose (GOOS) shares drop. Canada Goose is downgraded to sell from hold by Williams Trading analyst Sam Poser, who also cut the price target on the apparel company to C$10 from C$12.

Weekly Roundup: Super Micro Stays Hot, Tesla Takes a Big Fall, Tenet Healthcare Jumps
03:55

T-Mobile Higher, Uber Falls, Paramount, Warner Bros. Pause Deal
04:16

Intel Turns Lower; Oracle Declines; Canada Goose Tumbles
04:59