Intel Rises, Tango Therapeutics Soars, Strategy Gains As it Resumes Buying Bitcoin
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Intel Rises, Tango Therapeutics Soars, Strategy Gains As it Resumes Buying Bitcoin
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On this episode of Stock Movers:
-Intel (INTC) shares rise. Alphabet Inc.'s Google placed an order with Intel Corp. to manufacture more than 3 million of its specialized AI chips in 2028, the Information reported, citing two unnamed sources.
-Tango Therapeutics (TNGX) shares soar. This comes after initial results of a study showed a combination of its drug and a Revolution Medicines Inc. medicine shrunk tumors in advanced pancreatic cancer patients.
-Strategy (MSTR) shares gain. Strategy Inc. bought 1,550 Bitcoin for an aggregate price of about $101.3 million, according to a filing Monday. The purchase follows a turbulent week for Bitcoin and a rare token sale by Strategy that raised concerns about the company's digital-asset treasury model.
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