Intel, Fervo Energy, and Avis All Rise
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Intel, Fervo Energy, and Avis All Rise
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Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:
- Intel (INTC) shares rose after the Information reported that Alphabet Inc.'s Google will rely on it for more than 3 million specialized AI chips in 2028. Google decided to tap Intel to make some of its tensor processing units — TPUs for short — after months of testing the chipmaker’s technology, the Information said Monday, citing two unnamed sources.
-Fervo Energy (FRVO) shares rise as much as 3.7% after it was initiated with mostly buy ratings as analysts see upside for the geothermal company from growing power demand, its shale technology and agreements already in place with firms like Shell and Google.
-Avis Budget (CAR) shares rise 5% as Barclays analyst Dan Levy boosted his recommendation on the car-rental firm to equal weight from under weight and increased the target price to $160 from $140.
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