On this episode of Stock Movers:
- Intel (INTC) shares rise. Intel Corp. agreed to buy Israeli startup Classiq Technologies Ltd. as part of a push to capitalize on quantum computing. The chipmaker will pay about $2.3 billion for Classiq, according to people familiar with the matter. Intel's CEO Lip-Bu Tan said that joining forces with Classiq transforms Intel's Quantum Computing Group into a full-stack quantum computing business.
- Meta (META) shares are down. Meta Platforms Inc. boosted a planned share sale to almost $98 billion to invest in AI infrastructure and personal superintelligence. The company sold $25 billion of common stock and raised $12.5 billion from an offering of preferred shares, with plans to raise as much as $60 billion via an at-the-market share sale program.
- Royal Caribbean (RCL) shares rise. This comes after headlines stating that Iran’s security chief is meeting with Supreme Leader Mojtaba Hosseini Khamenei to discuss ending the war.
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