Tech Up After Intel Earnings — Tech Roundup
Shares of technology companies rose after Intel reported surprisingly strong artificial-intelligence related demand. The giant chip maker, which received an $8 billion life-line investment from the Trump administration last summer, posted quarterly revenue growth far in excess of Wall Street estimates, driving its shares up by more than 20% to all-time highs, surmounting their previous Dotcom peak.
Alphabet's Google, already a close partner to Anthropic, plans to invest as much as $40 billion in additional capital in the closely held AI firm, whose Claude and Mythos models are seen as the forefront of the technology. Google will invest $10 billion in Anthropic at its current $350 billion valuation, and could invest up to $30 billion more if the company meets certain performance milestones.
China's DeepSeek released a new artificial-intelligence model, breaking months of silence from one of the country's most closely watched AI labs.
SAP shares jumped after the German business-software firm reported growth in its cloud business, alleviating fears about the impact of AI and geopolitical tensions on software sales. The report allowed ServiceNow to recoup some of its recent losses, but the American software firm is still down 38% for the year to date.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
April 24, 2026 17:55 ET (21:55 GMT)
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