Prop firm news

SoftBank pledged its entire Intel stake: 87 million shares against a $7.4 billion loan

In a report dated November 10, the Japanese holding company SoftBank (one of the world's largest technology investors) disclosed that back in August it had pledged 87 million Intel shares - about 1.6% of all outstanding shares of the chipmaker. It has already received $7.4 billion against the collateral.

Intel's forecast crashed chips: AMD -11.8%, Dell -12.8% in a day

Intel said the global personal computer market will shrink by about 12% in 2026 and another 10% in 2027. On Friday, October 30, the entire semiconductor sector and computer makers were sold off.

Intel shares on Nasdaq plunged 23.6% overnight: minus $115 billion after a strong report

Intel shares (the largest American processor manufacturer) fell 23.56% to $70.39 in Friday's overnight trading - that's minus $21.69 from Thursday's close of $92.07. The market punished the company not for the past quarter, but for its guidance for the coming ones.