INTC

Intel Corporation

36.34
USD
-2.86%
36.34
USD
-2.86%
35.88 57.45
52 weeks
52 weeks

Mkt Cap 147.43B

Shares Out 4.06B

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Technology Sector Update for 05/27/2022: DIDI, MRVL, INTC, XLK, SOXX

Technology stocks were climbing premarket Friday. The Technology Select Sector SPDR ETF (XLK) and the Semiconductor Sector Index Fund (SOXX) were recently up more than 1%. DiDi Global (DIDI) may be the target for an investment stake by China's state-owned automaker China FAW Group., according to a report from Bloomberg. DiDi Global was gaining more than 10%. Marvell Technology (MRVL) was climbing past 5% after it reported fiscal Q1 diluted non-GAAP earnings of $0.52 per share, compared with $0.29 a year earlier. Analysts polled by Capital IQ expected $0.51. Intel (INTC) said it has tapped Gilbane Building Co., GTSA Construction Consulting, McDaniel's Construction, and Northstar Contracting to build its new chip factories in Ohio. Intel was slightly higher recently. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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