24H|Intel and Palo Alto Networks Soar 5%; APLD Jumps 2% After Soaring 16% on Monday

Tiger Newspress
Aug 19

Intel jumped 5% in overnight trading.

SoftBank Group signed an agreement to make a $2 billion investment in American chipmaker Intel, the two companies said in a joint statement on Monday.

As per the agreement, the Japanese company said it will pay $23 per share in Intel common stock.

Palo Alto Networks forecast fiscal 2026 revenue and profit above analysts' estimates on Monday, betting on growing demand for its artificial intelligence-powered cybersecurity solutions, sending its shares up 5% in overnight trading.

The company has been benefiting from an AI-driven upgrade cycle as enterprises accelerate their cloud adoption and modernize security operations amid rising data breach incidents.

APPLIED DIGITAL CORP rose 2% in overnight trading after soaring 16% in previous trading day.

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