Watch Intel, SoundHound, and ZIM Shipping
When Intel (INTC) CEO Lip-Bu Tan met with President Trump, shares jumped. Before the meeting, the President demanded that Intel fire him after his former firm did business with Chinese firms illegally.
After the meeting, however, Trump said the two will have further meetings.
Intel is struggling. The previous CEO committed billions of dollars to invest in fab plants. CEO Tan is cancelling some of them.
SoundHound AI (SOUN) jumped by 17.34% on Monday after posting strong second-quarter results. Markets reacted positively to the outlook. The firm lost $0.03 a share (non-GAAP) as revenue rose by 217.2% Y/Y to $42.7 million. For the year, the firm raised its revenue outlook in the range of $160 to $178 million.
The company’s Voice AI ordering solution exceeded 14,000 locations. It added another one thousand locations. The total new interactions in Q2 were one million.
ZIM Shipping (ZIM) might face investor backlash after the CEO reportedly wanted to take the firm private for $20 per share. ZIM stock gained 14.9% on Monday. ZIM has around $30 in cash, so shareholders look at the buyout offer as a “take under.”
ZIM stock is undervalued. To average down on the price paid on the stock, investors might add to their position in case the firm privatizes at $20/share.
