Apple hits record intraday high, up 6.2% at $352.52
The jump reverses Tuesday’s selloff over memory-chip costs and lifts Cupertino’s market value back above $5 trillion.
The jump reverses Tuesday’s selloff over memory-chip costs and lifts Cupertino’s market value back above $5 trillion.
Intel fell 26% on a weak PC outlook, a day after Alphabet’s worst single-day loss on record.
The company burned $9.07 billion in the third quarter as capital spending on AI outran cash from operations.
The chipmaker is buying into a customer that aims to raise as much as $97.5 billion for artificial intelligence, in a deal that has split Wall Street.
The offer covers 27% of the group’s 223,000 employees, in the UK, the US, Canada and India.
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