Good morning and welcome to Markets Desk.
Intel is having a moment Wall Street hasn't seen in nearly four decades, with shares posting their best single session since the mid-eighties and surging past dotcom-era highs. The debate now is whether the fundamentals have genuinely shifted or whether this is momentum chasing a compelling narrative — and that distinction matters enormously for anyone sizing a position.
That Intel rally is part of a broader story, with US equities pulling decisively ahead of European peers despite renewed pressure in energy markets. Wall Street appears willing to look through the commodity shock, leaning instead on the technology sector's continued resurgence as the primary engine of index performance heading into the second half.
And speaking of technology's biggest bets, Google has committed up to forty billion dollars in fresh investment into Anthropic, the AI safety lab that counts Amazon as another major backer. The capital is earmarked for computing infrastructure, reflecting just how expensive it has become to train and run frontier AI models at scale — and how seriously Google is taking the competitive threat from rivals in this space.
That's the tape. Markets Desk, signing off the floor.["https://www.marketwatch.com/story/intels-stock-extends-its-spectacular-run-and-could-see-its-best-daily-gain-on-record-6e6ef0de?mod=mw_rss_topstories","https://www.ft.com/content/199c4082-9c97-4f59-bdb0-8b1f53abb11a","https://www.ft.com/content/366c73dd-4006-4ce6-9816-5004447d30b8"]📺 Markets Desk · 10 PM Update · player loading…