Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data. Let's take a look at some stacks on the move today.
Look, we cannot ignore the fact this is the biggest mover of the day piece, Intel up twenty six percent, now on track to hit their highest level ever. Why a blockbuster quarter last quarter, and perhaps even more importantly, a better than expected outlook. A revenue is going to be in the range of thirteen point eight to fourteen point eight billion this quarter. Wall Street was looking for thirteen billion. So that's a really nice speed if it happens.
And analysts are saying this basically suggests that Intel CEO is making progress on his comeback plan to position this chip maker to benefit from the buildout of AI. Remember last year he lined up a bunch of major investments in Intel, including the US government, which is the third largest. You said earlier, Paul, the third largest investor in Intel
is the US government. Now so, on paper, at least, the US government stake in Intel is now worth nearly thirty seven billion dollars, and it's taking other chips stocks along with it, AMD, which also has those central processing units, those CPUs. Both Intel and AMD make those and there's a lot of demand for them. So AMD up again near a record high. We've got Taiwan semiconductor higher, and
this has helped push the Philadelphia Semiconductor index higher. It's up about thirty percent so far this month.
Eighteenth straight day of games.
But who's counting? Yes, Yeah, all right, let's stick with semiconductor sector because there's another company not as big as Intel or as well known, but it's called Max Linear. This stock is up fifty percent, ticker Symbole MXL. The company out with first quarter results and second quarter revenue forecasts, both better than expected. An analyst over at Needham raising this stock from hold to buy, announcing a sixty dollars
price target. They're saying you're going to see multi year growth, that they're in a multi year growth phase right now because of optical data center connectivity. I don't know what that means, but I think it has to do with AI.
My observation on this, I did just you know, absolutely sophisticated folks.
I think it was Google Gemini. How many people work at all these data centers we're building. Yeah, not that, not a lot, not a lot, not a lot. Max Linear based in Carlsbad, California, r in your San Diego one hundred employees. Wow, it's had a great run up hundred and fifty percent of.
Your padres tickets exact.
How do you have one more? I do? Procter and Gamble another name we all know, up more than two percent today. Stronger than expected results for the latest quarter, driven by believe it or not. Now this is the company behind Tide, but it's the beauty category that led organic sales growth seven percent in the quarter, the most since twenty twenty three, driven by a lot of demand in Europe and North America. The company also raised as outlook for commodity costs in the current FA school year.
Organic sales up three percent in the third quarter. So PNG is the first of sort of the consumer products staples companies to report, and we'll see if the others can follow suit. But nice report from P ANDNG and stock's getting rewarded.
This stock mover's report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.