Today’s Top Stories: Intel Earnings Beat, Tesla Falls and Alphabet Faces AI Spending Questions

TLDR

• Intel beat earnings expectations, boosting confidence in its turnaround plan
• Tesla shares kept falling after a weak earnings report raised margin concerns
• Alphabet faced pressure despite strong results due to heavy AI spending plans
• Oil slipped back below $100 a barrel but geopolitical risks remain
• SpaceX delayed its Starship test flight for the second time in a week

Intel’s surprise earnings beat headlined a busy Friday on Wall Street, while Tesla and Alphabet continued to struggle after their own results disappointed investors. Oil prices pulled back slightly, and SpaceX pushed back its Starship launch again.

Intel Turns Heads With a Strong Quarter

Intel posted quarterly earnings that came in ahead of what analysts had expected. Revenue was boosted by stronger demand for data centre products and growing interest in its AI-related chips.

The company also pointed to progress in its foundry business, which is central to its plan to compete with rivals like TSMC. The results gave investors fresh reason to believe Intel’s restructuring is starting to work.

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