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Intel jumps after Google and Nvidia evaluate AI chip production. (0:15) Paramount Skydance weighs asset divestitures for EU deal approval. (1:04) Spanish soccer club reportedly hedged relegation risk through Kalshi. (1:49)
This is an abridged transcript of the podcast:
Our top story so far, Intel (INTC) is leading chip and AI-related stocks higher following a report that Google (GOOG) (GOOGL) and Nvidia (NVDA) are evaluating the company as a backup manufacturer for advanced AI chips.
The Information reported that Google has ordered more than 3M Tensor Processing Units from Intel for production in 2028.
The report also said Nvidia is testing whether Intel’s technology can be used to manufacture a future processor that combines four graphics chips into a single unit.
Separately, GF Securities said Intel has become much more aggressive in expanding foundry capacity than previously expected.
The report helped lift semiconductor stocks and pushed the Nasdaq 100 (QQQ) more than 2% higher following Friday’s nearly 5% decline.
Tech got a boost after Nvidia CEO Jensen Huang — who is getting the Warren Buffett treatment from traders and algos — said Friday’s selloff could be a buying opportunity.
Among other active stocks, Paramount Skydance (PSKY) is among the biggest S&P decliners after a report that it is prepared to divest children’s TV assets if required to secure European approval for its planned acquisition of Warner Bros. Discovery (WBD).
A deal would combine Paramount’s Nickelodeon and Warner’s Cartoon Network, two of Europe’s best-known children’s brands.
Corning (GLW) is rallying after reaching a multiyear agreement with Amazon (AMZN) to expand U.S. fiber-optic manufacturing.
The companies said the partnership will support datacenter construction and strengthen the domestic supply chain.
And Campbell’s (CPB) is under pressure despite posting a surprise earnings beat.
Management said a 3- to 4-cent benefit from tariff refunds will be offset by higher fuel costs and suggested the low end of its FY26 sales guidance is the more realistic outcome.
In other news of note, a Spanish soccer club reportedly used prediction market Kalshi (KALSHI) to hedge one of the sport’s biggest financial risks: relegation.
According to Semafor, the unnamed La Liga club placed a multimillion-dollar bet against itself before the final game of the season.
The other side of the trade was reportedly Susquehanna, which made more than $1M on the wager.
While there has been widespread speculation that the club was Osasuna, no confirmation has come from the team, Susquehanna or Kalshi.
The club ultimately avoided relegation, despite losing its final match 1-0.
And in the Wall Street Research Corner, BofA Securities asked its analysts who would win the World Cup. The consensus pick was France.
The bank also asked Microsoft’s Copilot, which likewise predicted France as the winner, with Spain finishing second.
Seeking Alpha then posed the same prompt to several major AI models.
OpenAI’s (OPENAI) ChatGPT, Anthropic’s (ANTHRO) Claude and DeepSeek AI’s (DEEPSEEK) DeepSeek all picked France over Spain.
Alphabet’s (GOOG) (GOOGL) Gemini picked France over Argentina, while Alibaba’s (BABA) Qwen chose France over Brazil.
Meta’s (META) AI was the outlier, predicting Spain to beat France in the final.
You can check out the AI dark-horse picks here.
Editor’s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.
