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Intel Surges, Ford Rises, Palantir Gains After Lumen Deal
Description
On this episode of Stock Movers:
- Intel (INTC) shares rally after the company returned to profitability and gave an upbeat revenue forecast, suggesting it's making progress on a comeback attempt.
- Ford (F) shares rises after the automaker signaled it will largely bounce back next year from a devastating fire that hobbled a key supplier to its top-selling F-150 pickup, assuaging fears about the fallout for one of the automaker’s biggest money-makers.
- Palantir Technologies (PLTR) shares gain after news it will provide AI software to Lumen Technologies Inc. in a new partnership to support more AI services. Lumen has agreed to spend more than $200 million on Palantir software over a period of several years, according to people familiar with the matter.
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