Intel Plunges, Array Technologies Gains, Capital One Falls on Brex Acquisition
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Show Notes
On this episode of Stock Movers:
- Intel (INTC) shares plunge after Chief Executive Officer Lip-Bu Tan gave a lackluster forecast and warned that the chipmaker was struggling with manufacturing problems. The stock closed Thursday at the highest level since 2022.
- Array Technologies (ARRY) and Solar stocks are extending gains after Elon Musk commented on solar-powered satellites in his Davos talk on Thursday.
- Capital One Financial Corp. (COF) falls after the bank reported adjusted earnings per share for the fourth quarter that missed the average analyst estimate, driven by higher-than-expected costs. The firm also said it agreed to acquire Brex.
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