BofA cuts Intel to Neutral, says turnaround pushed out by PC weakness

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• Amazon, Intel shares crash up to 25% in premarket trade as AI spending concerns trigger tech sell-off - What's next?

  Skyrocketing capital expenditures on artificial intelligence infrastructure are draining corporate cash reserves and sparking severe investor skepticism across the technology industry. Weak quarterly projections and manufacturing hurdles are exacerbating the retreat, threatening to wipe out roughly $300 billion in market value between the two tech giants. The widespread sell-off reflects growing market impatience over delayed profitability from expensive computing infrastructure investments.

  3 min read
• Why is FTAI Aviation stock sliding today?

  Investors monitoring the company witnessed a downward shift in market performance during recent trading. While the asset experienced clear negative momentum, the underlying factors sparking the drop remained unspecified in initial documentation. Stakeholders will need to await further disclosure to evaluate any long-term operational or financial fallout.

  1 min read
• Swiss central bank posts bumper $23bn profit as gold, foreign assets soar

  Robust performance across international currency holdings and precious metals has pushed the central bank's cumulative annual earnings to 44.2 billion francs. This financial surge substantially improves the prospects for year-end distributions to federal and cantonal authorities across Switzerland. However, officials reiterate that fulfilling the domestic price stability mandate remains the sole operational priority, irrespective of bottom-line volatility.

  3 min read