Intel Surges to Record, Charter Falls, Newmont Rises

Today’s biggest winners and losers in the stock market.

On this episode of Stock Movers:

• Intel Corp. (INTC) shares hit a record high after the chipmaker delivered a sales forecast that shattered Wall Street expectations, showing that it’s finally benefiting from a boom in AI spending. Revenue will be $13.8 billion to $14.8 billion in the June quarter, the company said Thursday in a statement. Analysts estimated $13 billion on average, according to data compiled by Bloomberg. The upbeat outlook suggests that Chief Executive Officer Lip-Bu Tan is making progress on a once-improbable turnaround. After lining up major investments in Intel last year — helping to strengthen the company’s balance sheet — he’s now delivering on a promise to improve operations.
• Shares of Charter Communications Inc. (CHTR) fell the most ever after the company reported “underwhelming” quarterly results. One of the country’s largest home internet providers, Charter said it lost 117,000 residential customers at its flagship Spectrum internet brand in the first quarter, more than the 98,445 that analysts expected. The company also lost 51,000 cable TV customers, a dip that follows a surprise increase at the end of 2025 driven by an aggressive bundling strategy. Revenue of $13.6 billion was essentially in line with estimates but earnings per share of $9.17 came up short of forecasts for $9.52.
• Newmont (NEM) shares rallied Friday after the world’s largest gold producer reported adjusted first-quarter EPS that beat the average analyst estimate. The miner also said it plans to repurchase $6 billion in shares as the world’s largest gold producer seeks to reward investors amid an unprecedented rally in bullion prices. Newmont also said it was on track to meet previous guidance of roughly 5.3 million ounces in gold production this year, after first-quarter output met expectations of 1.3 million.

See omnystudio.com/listener for privacy information.