Intel-Apple Possible Investment; Oracle Dips; Carmax Slides
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…
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