Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The world's richest man once stress-tested adulthood with hot dogs, oranges and a grocery budget smaller than the price of a gas-station coffee today. Long before Tesla and SpaceX turned Elon Musk into one of the most recognizable billionaires on the planet, Musk said he deliberately tried living on roughly $1 a day for food after arriving in North America as a teenager. The goal was not extreme dieting or a social experiment for attention. He wanted proof that even if every ambitious idea failed, he could still survive. "I figured I could be in some dingy apartment with my computer and be okay and not starve," Musk told astrophysicist Neil deGrasse Tyson on "StarTalk Radio" in 2015. Don't Miss: The Tesla and SpaceX CEO explained that he tested the idea shortly after moving to Canada at 17 before eventually attending the University of Pennsylvania. "I'd try to live on $1 a day, which I was able to do," Musk said. "You sort of just buy food in bulk at the supermarket." Tyson guessed "rice and beans," but Musk had another menu in mind. "Yeah, I went more for the hot dogs," Musk said. "Hot dogs and oranges. But you do get really tired of hot dogs and oranges after a while." To stretch the ultra-tight budget even further, Musk said he relied on cheap, filling staples that could last several meals without costing much. "You know, pasta and green pepper and a big thing of sauce, that can go pretty far too," Musk told Tyson. "So I was like, oh, okay, if I can live for a dollar a day, then at least from a food cost standpoint, it's pretty easy to earn like $30 in a month," Musk said. Trending: More Than Half of Americans Aren't Prepared for Retirement — Including 62% of Gen Y That $1 Would Not Go Very Far Today In the early 1990s, Musk's $1 daily food budget worked out to roughly $30 a month. Adjusted for inflation, that equals a little more than $2 a day now. The problem is...

Chinese electric vehicle (EV) makers are speeding up their pivot to the premium segment, where they hope to secure higher profit margins and dodge the cutthroat market’s most vicious price competition. New models launched by carmakers including Nio and Seres also mount a challenge to Tesla ’s bestselling Model Y in the world’s largest EV market. “Intensified efforts to gain ascendancy in the premium segment show the carmakers’ confidence in their technologies,” said Chen Jinzhu, CEO of consultancy Shanghai Mingliang Auto Service, adding that among cars priced above 300,000 yuan (US$44,254), the battle was often “on the technological front, rather than pricing”. Advertisement Shanghai-based Nio priced its ES9 SUV, which has a range of 580km, at 498,000 yuan on Wednesday. The company bills the new model as the market’s largest pure-electric SUV. The car was designed for family use but could also be an alternative to a multi-purpose vehicle for commercial buyers, Nio said. Also on Wednesday, Seres unveiled its refreshed M9 SUV under the Aito EV brand , which starts at 479,800 yuan. Its pure electric variant has a driving range of 750km. Advertisement Other carmakers including Zeekr, a premium EV subsidiary of Geely Auto , and Xpeng , well known for its self-driving technology, have also recently unveiled spacious, longer-range SUVs.

In mid-December last year, a ship eased toward the dock off Puducherry, a former French colony on India’s southeastern coast. Smaller boats fanned out around it in a choreographed display, spelling out a new political party’s acronym — LJK — across the water. Draped in party colors and calibrated for photographs and social media, the vessel served as both stage and spectacle. From its deck, Charles Martin announced his entry into electoral politics. This month, that theatrical debut translated into victory at the ballot box, marking a decisive turn for one of India’s most powerful, and until recently least visible, political financiers. Charles is the son of Santiago Martin, a reclusive lottery tycoon whose money has coursed through Indian politics for years even as he himself stayed largely out of view, despite long-running federal investigations into his business dealings. “Increasingly, business people enter politics because the direct route pays more dividends compared to providing money for campaigns,” said Professor K Nageshwar, a former member of the state legislative counciland professor of journalism at Hyderabad’s Osmania University. “There is a marriage of convenience. Businessmen invest in politics because they need patronage, contracts, licenses.” Though little known outside India’s lottery industry, Santiago Martin has for years occupied a singular position in the country’s political and business landscape. Known as the “Lottery King,” he built one of India’s largest lottery empires, amassed a fortune, and emerged in 2024 as the country’s single largest political donor. At the same time, federal authorities were investigating him and his companies in cases stretching back more than a decade. Now, even as those cases continue, members of the Martin family are moving directly into electoral politics, winning seats across rival parties in southern India. Campaigns in Puducherry rarely draw national attention — the enclave sends just one lawmaker to India’...

美國總統特朗普近日再次發出軍事威脅，目標指向中東國家阿曼。他在白宮內閣會議上表示，如果阿曼試圖與伊朗一起控制霍爾木茲海峽，「我們就必須炸毀他們」。美國有線電視新聞網(CNN)分析指，特朗普這番話語氣輕描淡寫，彷彿只是隨口一提，沒有在說話前考慮太多。 ▍ 特朗普揚言攻擊 每13個國家就有一個「上榜」 全球近200個國家中，特朗普已威脅或攻擊過的國家多達15個，即每13個國家就有一個上榜。這些國家的總人口佔全球約十一分之一，意味著地球上每11個人中，便有一人曾憂慮特朗普可能對其國家發動軍事打擊。在這15個國家當中，絕大部分發生於特朗普第二個任期的首16個月內，部分行動更橫跨兩個任期。 單是在不足20個國家的中東地區，已有五個國家被特朗普威脅或列為目標。特朗普的威脅與攻擊橫跨四個有人居住的大洲，包括非洲、亞洲、北美洲及南美洲。若將丹麥（格陵蘭）計算在內，他甚至也曾技術上威脅過一個歐洲國家。 ▍ 五國被視為潛在擴張目標 特朗普在本屆任期內，已先後對伊朗、伊拉克、尼日利亞、索馬里、敘利亞、委內瑞拉和也門七個國家發動攻擊，當中部分國家在他的首個任期亦曾受襲。這還未計及美軍在加勒比海及太平洋，針對涉嫌運毒船隻的行動。此類行動已攻擊近60艘船，造成超過190人死亡。 此外，特朗普本屆任期內，還威脅或保留攻擊可能性的國家另有七個：加拿大、哥倫比亞、古巴、格陵蘭（丹麥）、墨西哥、巴拿馬，以及最新上榜的阿曼。他在首個任期亦曾威脅過墨西哥和北韓。 特朗普已將其中五個他曾攻擊或威脅的國家，視為美國可能吞併的潛在目標：加拿大、古巴、格陵蘭、巴拿馬（特別是巴拿馬運河）及委內瑞拉。 ▍ 「狂人理論」解讀：故意製造不可預測性 分析認為，特朗普在外交政策上信奉「狂人理論」，即刻意塑造自己難以預測的形象，從而令外國對手更傾向順從他的要求。然而，這種策略背後反映出一種極度好戰的態度。

鼻咽癌由於常見於華南地區，也被稱作「廣東瘤」。其真正成因至今不明。醫生指有研究顯示，中國南方市民到訪外國後，更容易患上鼻咽癌，所以懷疑跟基因有關，亦跟一種EB病毒有密切關係。 耳鼻喉科專科醫生邱騏驄指，人們可以在身體檢查中，檢測體內EB病毒。如果發現相關指數高，就應及早看醫生，不要待出現病徵才求診。 有患者指，患病後出現鼻塞、鼻涕偶爾帶血絲等症狀，但最初以為只是普通感冒，沒太在意。直到一次從日本旅行回港的航班上，他流了大量鼻血，鼻涕更呈黑色，才意識到「出事」。家庭醫生為他進行內窺鏡檢查，發現鼻腔內有血塊，隨後入醫院做進一步檢查後，確診第三期鼻咽癌。 邱騏驄指，如果等到有病徵出現才求醫，很多時候病情已經屬於第三期或更高。

"At Pfizer, everything we do starts with patients and the urgency to change what's possible for people living with cancer," said Jeff Legos, Chief Oncology Officer, Pfizer . "This collaboration brings together two highly complementary engines of innovation with a shared ambition to move faster, go further and deliver truly transformative medicines to patients who are waiting. By combining Innovent's discovery and early clinical development with Pfizer's global research and development and commercialization capabilities, we have an opportunity not only to strengthen our pipeline, but to accelerate the delivery of breakthroughs that can redefine standards of care and make a meaningful difference in patients' lives." "This agreement brings together best-in-industry expertise of Pfizer and Innovent to advance novel cancer medicines to patients at a global scale," said Dr. Hui Zhou, Chief R&D Officer (Oncology Pipeline) of Innovent . "By leveraging both companies' complementary resources, we can develop our early-stage oncology pipeline with greater speed and impact to help bring innovative therapies to patients more efficiently worldwide. Furthermore, co-developing and co-commercializing key projects in the U.S. and Europe expands Innovent's global reach. At Innovent, we are laying the foundation for a truly global oncology platform that can deliver meaningful and lasting benefits for patients around the world." The agreement spans a portfolio of 12 programs comprising eight Innovent-originated early-stage programs and four Pfizer-proposed discovery programs. The companies will co-develop and share costs for select programs as they advance these programs through clinical development. The strategic collaboration brings together Innovent's scientific discovery and clinical capabilities in oncology innovation with Pfizer's deep scientific expertise, global clinical development capabilities, regulatory leadership and commercial scale, which are highly complementary to each ...

"This agreement brings together best-in-industry expertise of Pfizer and Innovent to advance novel cancer medicines to patients at a global scale," said Dr. Hui Zhou, Chief R&D Officer (Oncology Pipeline) of Innovent. "By leveraging both companies' complementary resources, we can develop our early-stage oncology pipeline with greater speed and impact to help bring innovative therapies to patients more efficiently worldwide. Furthermore, co-developing and co-commercializing key projects in the U.S. and Europe expands Innovent’s global reach. At Innovent, we are laying the foundation for a truly global oncology platform that can deliver meaningful and lasting benefits for patients around the world." "At Pfizer, everything we do starts with patients and the urgency to change what’s possible for people living with cancer," said Jeff Legos, Chief Oncology Officer, Pfizer. "This collaboration brings together two highly complementary engines of innovation with a shared ambition to move faster, go further and deliver truly transformative medicines to patients who are waiting. By combining Innovent’s discovery and early clinical development with Pfizer’s global research and development and commercialization capabilities, we have an opportunity not only to strengthen our pipeline, but to accelerate the delivery of breakthroughs that can redefine standards of care and make a meaningful difference in patients’ lives." The agreement spans a portfolio of 12 programs comprising eight Innovent-originated early-stage programs and four Pfizer-proposed discovery programs. The companies will co-develop and share costs for select programs as they advance these programs through clinical development. The strategic collaboration brings together Pfizer’s deep scientific expertise, global clinical development capabilities, regulatory leadership and commercial scale with Innovent’s scientific discovery and clinical capabilities in oncology innovation, which are highly complementary to each co...

It started with a tax bill. Tom, a Beijing-based tech executive, had for years been trading overseas stocks without any backlash from local authorities. Chinese citizens buying and selling shares in foreign markets is officially illegal – besides a few permitted routes – but it’s also widespread. For many, the government’s inaction in closing loopholes for so long made it seem like these trades were within the spirit if not the letter of the law. The first warning sign was when Chinese tax officials hit Tom with a 100,000 yuan ($14,750) bill for his gains on overseas stock trading. Soon after, regulators went much further: shutting down the very channels that allowed him and hundreds of thousands of others to trade abroad in the first place. China has launched the biggest shake-up of its cross-border tax system in decades, threatening three popular brokers with at least $330 million of penalties, vowing stricter controls for banks and quietly ramping up pressure on the country’s richest people and the vehicles they use to hold overseas assets. The shift has ramifications for everything from Hong Kong’s stock market — buttressed by demand from mainland China — to the hordes of law firms, financial advisers and investment funds that help Chinese citizens manage their money overseas. Officials have cracked down on trust structures favored by China’s ultra-wealthy. They’ve pushed back against so-called red-chip listings , which Chinese companies use to raise money overseas without direct oversight of local tax officials. They have effectively hiked taxes on private equity and venture capital firms backed by foreign investors. The biggest jolt came last week when authorities moved against Futu Holdings Ltd. , Up Fintech Holding Ltd. -owned Tiger Brokers and Long Bridge Securities Ltd. for allegedly operating on the mainland without a license. Regulators vowed to confiscate all “illegal gains” from their domestic and overseas entities. The shares of Futu and Up Fintech pl...

Explore the exciting world of Costco (NASDAQ: COST) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities! *Stock prices used were the prices of April 8, 2026. The video was published on May 28, 2026. Continue reading

華納兄弟探索爭奪戰，進一步升級，據報派拉蒙天舞已上調收購價。 《彭博》報道，派拉蒙天舞的新出價高於原先每股30美元的現金收購價，並釋除了有關公司融資的疑慮。如果華納兄弟董事會認為，派拉蒙天舞的新出價較Netflix的報價更優越，Netflix有4天時間作出回應。 華納兄弟去年12月曾接納Netflix收購電視製作室，以及HBO業務的建議。

華納兄弟探索爭奪戰進一步升級 據報派拉蒙天舞已上調收購價 TVB

環意單車賽 麥尼爾突圍完成帽子戲法 取今屆第3勝 【有線新聞】環意大利單車賽，麥尼爾贏得第18站冠軍。 倒數4站，多位車手嘗試突圍都不成功，未能擺脫主車群。平路又闊又直都有意外出現，最佳年輕車手、白衫的艾拉里奧都受到波及。全長171公里，尾段一個4級坡，消耗一下衝刺型車手體力。最後1公里，佔據前列的有利位置，麥尼爾率先發力，就拋離其他車手，完成帽子戲法，贏得今屆第3個分站冠軍，衝刺積分亦重上第一。

大型资产管理公司正在推出一批主动管理型新兴市场ETF，并将它们定位为AI概念股主导的基准指数的替代品进行推介。 包括瑞士百达资产管理、普徕仕和Baron Capital Group在内的多家机构，今年相继推出了投资大宗商品生产商和技术供应商等企业的基金。他们认为，这些企业在目前被广泛追踪的指数中代表性不足。这些新产品的问世标志着一种策略上的转变，即从此前紧盯MSCI新兴市场指数的被动投资策略中脱离出来。目前该指数正日益由少数几只科技股驱动，这种集中度与美股市场如出一辙。 在这些指数之外“还存在着一个充满机遇的广阔天地”，百达的新兴市场股票高级投资经理Mark Boulton表示，如果投资于被动型基金，“你买入的资产中可能有高达40%都集中在几只超大型科技股上。” 百达已于4月下旬推出了代码为RISE的新兴市场ETF。 尽管目前尚难断言这些新推出的基金能否跑赢竞品，但这一趋势已反映出投资者对新兴市场看法的更广泛转变。 数据显示，今年推出的所有11只新兴市场ETF均由投资组合经理主动管理，而非采取追踪指数的策略，表明发行方正通过宣传提供多元化产品来进行营销。 不过，这样做也意味着这些基金在很大程度上避开了推动新兴市场本轮大涨的大型科技股。根据计算，MSCI新兴市场指数今年已实现了24%的回报，其中五只科技股（以 台积电 为首）的平均涨幅超过70%。 主动管理型ETF比被动管理型ETF成本更高。SPIVA数据显示，从长期来看，主动型基金的回报率往往较低。 对于Northwestern Mutual投资管理与研究副总裁Garrett Aird这样的投资者来说，成本问题至关重要。他承认，指数集中度的提高，意味着被动策略无法让他获得对新兴市场的广泛敞口。尽管如此，他目前仍未被主动投资策略打动。 “虽然被动型新兴市场投资策略可能无法带来许多投资者预期的效果，但这一问题的解决方案，并不自动等同于转投一只管理费用更高的主动型基金。”他说。 然而，投资者对这类主动型策略的兴趣正日益浓厚。 贝莱德 的数据显示，在所有美国上市的ETF中，今年第一季度流入的新资金约有90%涌入了主动管理型基金。 尽管新兴市场仅吸纳了这股资金流中的一小部分，但基金经理们押注的是，投资者未来将愈发倾向于寻求分散化投资，并挖掘那些被市场忽视的个股。 “尽管你可能非常想要芯片股的敞口，但同时也必须审慎考量，在这一特...

Meta Platforms COO Javier Olivan sells $892,764 of Meta stock Investing.com

格隆汇5月29日｜证券日报：近日，券商密集召开中期策略会，集中释放对下半年投资的判断。对于自身板块，一个清晰的共识已经形成，证券行业正站在投资价值重塑的关键节点，依托头部券商业绩超预期、行业政策红利持续释放、集中度加速提升等因素叠加，券商板块估值修复潜力愈发凸显。

格隆汇5月29日｜据证券日报，目前，A股已进入上市公司2025年年度分红密集实施期。同花顺iFinD数据显示，截至5月28日发稿，已有1353家A股上市公司发布2025年年度权益分派实施公告。从实施进展来看，截至5月27日，已经有725家上市公司完成分红。值得注意的是，上市公司分红力度进一步加大。部分上市公司在落地2025年度分红的同时，还披露了2026年季度分红方案。

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推荐：中美关税谈判有何新进展？商务部最新回应；居住再升级！“十五五” 城市更新规划释放多项利好 早上好，今天是5月29日星期五。过去24小时，哪些财经新闻对普通人影响更大，未来又有什么焦点事件被市场密切关注，早知道栏目从新闻汇总到快速解读，为你一网打尽。 24小时热点 商务部发言人何亚东在例行发布会上表示，中美经贸团队围绕关税问题深入沟通，就有关双边关税做出安排。 双方原则同意在贸易理事会项下讨论同等规模产品对等降税框架安排，规模各为300亿美元或更多。 经贸团队将密切沟通，商定具体安排并尽快推动实施。 据美媒28日援引美国官员的话报道， 美伊谈判代表已就谅解备忘录达成一致 ，但仍需特朗普最终批准。 伊朗方面称尚未同意任何谅解备忘录 。 根据5月28日晚间上市公司公告， 大基金减持沪硅产业、德邦科技各1%股份，并降低对中芯国际的多头持仓比例。 盘面方面，当日科技股逆势集体拉升， 中际旭创涨超7%、市值突破1.3万亿元，天孚通信、新易盛涨幅均超4%，股价齐创历史新高。 创业板指由跌转涨大涨超2%。科技股独大，本轮走势

Keely Hodgkinson has dangled the intriguing possibility that July’s ­London Diamond League ­meeting could be the day where she takes down Jarmila Kratochvilova’s 42-year-old 800m world record. The Olympic champion said she would wait until closer to the time before deciding whether to attempt to better the Czech’s time of 1min 53.28sec, the oldest track and field world record still standing. She joked that the meeting could turn into a “battle of the world records”, with Josh Kerr, Britain’s 1500m 2023 world gold medallist, aiming for a world mile record and the pole vaulter Armand Duplantis also competing. “I would love to have that happen on home soil,” she said when asked about taking a crack at the 800m world record. “I get really excited about London. There’s just the whole crowd and everything. As a British person it’s just so much fun and it’s definitely the main thing I’m looking forward to this year. It might be a battle of the world records and who can get about one.” “We have a plan A of what we would like to happen. Obviously, the sport has its own plans sometimes. If I happen to come into shape where I want to go at it sooner or it happens to be later in the season, that could just be how it goes.” View image in fullscreen Britain’s Josh Kerr will take part in the mile in London in July. Photograph: Sports Press Photo/Getty Images Hodgkinson confirmed she was in prime shape having kicked on in training after breaking the world indoor record in February and ­winning the world indoor ­championships in March. “So far, the preparation has gone very, very well,” she said. “I’m very happy with where I’m at, I’m building on the indoor season that we’ve had. I’ve been healthy for a year now. I’ve not missed a training session, so I’m in a really, really good place. I’ve been able to put together a speed block that we hope is going to come together with my 800 in a few weeks.” The 24-year-old starts her outdoor season next week with a 400m in Rome before travell...

Quote of the day by AMD CEO Lisa Su: "The age of traditional computing is dead" — marking the start of the heterogeneous computing era TechRadar

A huge fire destroyed a two-storey block of flats in Dallas, Texas on Thursday, causing fatalities and injuring at least four people. The search for the missing people is continuing, a fire official said. The blaze sent huge plumes of black smoke into the sky and drew a massive firefighter response. “There have been fatalities at this point,” Dallas Fire-Rescue Deputy Chief Mark Berry said at a news conference, adding the mission has changed from rescue to recovery. “Let us work through the recovery phase and get a total number.” Advertisement Dozens of firefighters searched through the smouldering rubble of the building on the outskirts of downtown Dallas on Thursday afternoon, even as colleagues continued to drench the blackened debris. Berry said firefighters were responding to a call of a gas leak when an explosion happened. Advertisement “We had the cavalry coming,” Berry said. “But the explosion had already taken place.”

bombermoon/iStock via Getty Images First Solar ( FSLR ) settled up 10.8% on Thursday, posting its sixth straight daily gain and an 18-year intraday high of $310.42, a surge UBS analyst Catherine Gordon attributes to falling yields, renewed policy momentum, and a potential announcement next month on Section 232 tariffs on polysilicon imports . First Solar ( FSLR ) is the standout mover in anticipation of possible tariff news in mid-to-late June, Gordon says, with measures potentially including a minimum import price alongside tariffs, and scope for domestic manufacturing investments to be used as an offset to tariff liability. "The prevailing dynamic has been 'buy the rumor and buy the news,' with momentum building into the expected policy update," Gordon writes, adding that the next key catalyst for First Solar ( FSLR ) beyond Section 232 likely will be order commentary on Q2 earnings calls. GLJ Research analyst Gordon Johnson upgraded his rating on First Solar ( FSLR ) to Buy from Hold with a $315 price target, citing a meaningful reduction in debooking risk and the view that a pending Section 232 decision is an imminent positive catalyst. Roth Capital also pointed to Section 232 as likely a "positive catalyst" for First Solar ( FSLR ), noting the company's CdTe technology isolates it from the effects of the trade war over silicon-based solar products. "The Middle East conflict is reinforcing solar, batteries, and wind as sources of domestic, quick-to-deploy supply, with customers prioritizing cost visibility, resilience, and lower exposure to gas-price volatility," Bloomberg Intelligence analyst Rob Barnett said in a note. Data center demand for utility-scale solar is also increasing, with 183 GW of U.S. additions expected during 2026-30, according to BloombergNEF. ETF: ( TAN ) More on First Solar First Solar Suffers Regulatory/Demand Uncertainty - Wait On The Sidelines First First Solar: Still Providing Plenty Of Downside Risk First Solar: RIsing Fossil Fuels Kee...

Tesla's Austin robotaxi fleet was also reportedly linked to 17 known incidents between July 2025 and April 2026, including two involving minor injuries. Illustration Musk seeks to launch Fully autonomous driving (FSD) software in China, in Suqian, Jiangsu province, China, April 28, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images) Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Texas regulatory data showed Tesla has 42 authorized driverless vehicles in the state, compared with 577 for Waymo, 317 for Avride and 35 for Zoox. Former Tesla data labelers and engineers apparently said that FSD continued to struggle with emergency vehicles, school buses, and pedestrians, among others. The report also questioned Tesla's FSD safety claims and noted ongoing NHTSA investigations into Autopilot and FSD-related incidents. Shares of Tesla, Inc. (TSLA) slipped 1% in overnight trading ahead of Friday, after fresh regulatory data showed that Waymo's robotaxi fleet is over 13x larger than Tesla's, while a separate report detailed concerns from former employees about the performance and safety of Tesla's Full Self-Driving (FSD) tech. TSLA stock climbed 0.4% on Thursday to end at $442.1, with shares poised to record a second weekly gain and their best month since September. Read Next Loading... Loading... Waymo Outpaces Tesla In Texas New registration data filed under Texas' autonomous vehicle rules showed that Tesla has 42 authorized driverless vehicles in the state, compared with 577 for Alphabet-owned Waymo. Tesla also trails Avride, which has 317 automated vehicles, while Amazon-backed Zoox has 35. The fleet figures emerged under new Texas rules that require autonomous vehicle operators to disclose fleet sizes and certify that their vehicles meet Level 4 self-driving standards. The figures provide the clearest look yet at Tesla's ro...

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Image source: The Motley Fool. Thursday, May 28, 2026 at 4:30 p.m. ET CALL PARTICIPANTS President and Chief Executive Officer — Feng-Ming Wang Chief Financial Officer — John Young Vice President, Corporate Development — Louis Gerhardy TAKEAWAYS Revenue -- $100 million, down 0.5% sequentially and up 16.9% year over year, landing slightly above the midpoint of guidance. -- $100 million, down 0.5% sequentially and up 16.9% year over year, landing slightly above the midpoint of guidance. Automotive revenue -- Achieved a new all-time quarterly record, with a strong above-seasonal double-digit percentage increase on a sequential basis. -- Achieved a new all-time quarterly record, with a strong above-seasonal double-digit percentage increase on a sequential basis. IoT revenue -- Accounted for about three-fourths of total revenue and was seasonally down; enterprise security camera market showed a high single-digit sequential increase, offset by a double-digit sequential decline in consumer IoT. -- Accounted for about three-fourths of total revenue and was seasonally down; enterprise security camera market showed a high single-digit sequential increase, offset by a double-digit sequential decline in consumer IoT. Non-GAAP gross margin -- 59.9%, slightly above the midpoint of the 59%-60.5% guidance range. -- 59.9%, slightly above the midpoint of the 59%-60.5% guidance range. Non-GAAP operating expense -- $56.4 million, below the guidance midpoint of $55 million to $58 million. -- $56.4 million, below the guidance midpoint of $55 million to $58 million. Non-GAAP net profit -- $5 million, or $0.11 per diluted share. -- $5 million, or $0.11 per diluted share. Cash and marketable securities -- $278 million, down $34.8 million sequentially, but up $18.4 million from the prior year, mainly due to intentional inventory build for new product cycles. -- $278 million, down $34.8 million sequentially, but up $18.4 million from the prior year, mainly due to intentional inventory build fo...

A year ago, Intel (INTC 0.72%) looked like a company investors had given up on. Its stock briefly traded below $18, its foundry business was bleeding cash, and rivals had lapped it in the race to power artificial intelligence (AI). So far in 2026, though, the chipmaker has staged one of the more improbable comebacks in big tech, with shares up about 225% as of this writing. Plenty of headlines have fueled the move. There's a reported preliminary agreement to make chips for Apple, a tie-up with Elon Musk's sprawling "Terafab" project, and a number of significant supply deals with cloud customers. But strip those away and one argument keeps surfacing as the reason the rally could have legs: a shift in where AI workloads run that may finally play to Intel's oldest strength. A turn investors didn't see coming For years, the chip conversation was about graphics processing units (GPUs) -- the accelerators from Nvidia and others that train large AI models. Intel, whose bread and butter is the central processing unit (CPU) that anchors servers and PCs, was largely left out of the story. But the CPU is suddenly becoming a key component in the AI era. When Intel reported its first-quarter results last month, the standout wasn't the headline revenue figure of $13.6 billion, up about 7% year over year. It was the data center and AI division. Revenue there climbed 22% year over year to $5.1 billion, and the segment's operating margin more than doubled to roughly 31% from about 14% a year earlier. Notably, this was an acceleration from 9% growth in the prior quarter. Intel CEO Lip-Bu Tan tied the improvement directly to how AI is evolving. "For the last few years, the story around high-performance computing was almost exclusively about GPU and other accelerators," he said during the company's first-quarter earnings call. "In recent months, we have seen clear signs that the CPU is reinserting itself as the indispensable foundation of the AI era." The agentic AI bet Sure, training ...