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15:29
The value of Intel shares held by the US government surges by 300%
Golden Ten Data, April 24 — After the financial outlook of chip manufacturer Intel indicated a recovery in sales, the value of Intel (INTC.O) shares held by the US government soared by 300%, reaching approximately $36 billion. Since Intel and the US government announced this investment last August, the on-paper return has amounted to nearly $27 billion. The company's CEO won White House support through a charm offensive and repaired relations with President Trump, ultimately securing this extraordinary investment.
15:28
BlackRock’s global chief investment strategist favors semiconductor and hardware stocks amid the AI boom
```htmlGlonhui April 24th丨BlackRock Global Chief Investment Strategist Wei Li stated that, as part of its artificial intelligence strategy, the asset management company has increased its holdings in semiconductor and hardware stocks. Li said on Friday that the artificial intelligence industry is currently in a development stage, and it is still unclear whether model providers, computing providers, or companies with strong data and intellectual property will ultimately dominate. Li used the example of behind-the-meter power generation that does not require grid access to illustrate how advancements in energy production technology enable companies to increase capital expenditures. In addition, with tech stock valuations having “returned” to align with the broader market, these trends support BlackRock’s overweight positions in artificial intelligence and the US stock market. BlackRock Chief Global Investment Strategist Wei Li discussed AI stocks, capital expenditures, and earnings prospects. She noted that despite Middle East wars driving up oil and gas prices, especially in Europe and Asia-Pacific, risk assets continue to demonstrate remarkable resilience. The US stock market rose by mid-single digits, and Li believes this is attributed to the US’s relatively high energy independence and its ability to maintain healthy credit spreads.```
15:24
AI
Glonghui, April 24 – NVIDIA rose 5% to $209.575 per share, with a total market capitalization of $5.09 trillion. The share price is close to its all-time high.
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