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TSX:9434 3 February 2026

Intel stock jumps in premarket after SoftBank AI-memory tie-up, new Xeon launch

Intel stock jumps in premarket after SoftBank AI-memory tie-up, new Xeon launch

Intel shares rose 2.7% to $50.14 in premarket trading Tuesday after SoftBank’s SAIMEMORY unit announced a partnership with Intel to develop advanced memory for AI data centers. The deal was unveiled as Intel stock extended Monday’s 5% rally, outpacing broader markets. Intel also launched new Xeon 600 workstation chips and disclosed a planned insider share sale. Traders are watching for major tech earnings this week.

Stock Market Today

  • Dow Futures Drop Over 300 Points Amid Trump's Iran Threat and Rising Oil Prices
    April 6, 2026, 4:13 AM EDT. US stock futures declined sharply on Sunday, with Dow Jones futures falling nearly 270 points, as President Donald Trump threatened military strikes on Iran's power plants and bridges. Oil prices climbed, with West Texas Intermediate crude up 3% near $115 a barrel and Brent at $111, reflecting heightened Middle East tensions. The US dollar strengthened, while gold and silver fell alongside risk assets. The week ahead is critical, featuring key US inflation data for March, Federal Reserve meeting minutes, and earnings from Delta Airlines and Levi Strauss. Market participants brace for volatility amid geopolitical risks and rising energy costs.
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