Intel, Nvidia-linked Amkor and Oracle drive stock focus as earnings and contract wins reshape trading

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Intel, Amkor & Oracle earnings impact

Highlights

Amkor shares surge after announcing a $1.5 billion multiyear strategic partnership with Nvidia and receiving a UBS upgrade to buy with a price target of $90.
Intel reports a stronger-than-expected quarter, cites insufficient data center CPU supply due to rising AI-linked demand, and signals increased capital spending to meet customer needs.
Oracle gains as it secures a 10-year, $7 billion software contract from the Department of Defense, reinforcing bullish sentiment in AI infrastructure and enterprise technology.

Chip demand and contracts lead Friday's market agenda

As reported by CNBC, investors are watching a cluster of company updates led by stronger semiconductor signals and a large federal contract win. Intel shares are modestly higher after the chipmaker posted a stronger-than-expected quarter, while Nvidia partner Amkor jumps after the two companies announced a $1.5 billion multiyear strategic partnership focused on advanced semiconductor packaging and testing for next-generation AI and accelerated computing.

Intel says data center CPU supply is struggling to keep up with demand as agentic workloads increase the number of CPUs needed relative to AI accelerators such as Nvidia GPUs and Google TPUs. The company is also making progress in its third-party foundry business, though it does not announce new customers, and capital spending is set to rise significantly to meet demand.

Amkor also gets a boost from UBS, which upgrades the stock to buy from hold and raises its price target to $90 from $80. Oracle, meanwhile, gains after securing a 10-year, $7 billion software contract from the Department of Defense, adding another catalyst for a market already focused on AI infrastructure and enterprise technology spending.

Earnings updates shape broader sector outlook

Outside semiconductors, several earnings reports are influencing sentiment across financials, energy, consumer and telecom shares. American Express posts a better-than-expected quarter, but the stock falls after the company leaves its full-year earnings per share outlook unchanged even as it continues reinvesting profits into growth opportunities.

SLB trades higher after beating analyst estimates on revenue and adjusted earnings per share, with offshore activity in Latin America, Asia, Europe and Africa offsetting disruptions in the Middle East. The oilfield services company also says its data center solutions business is on track to exceed a $1 billion annualized revenue run rate by year-end.

Deckers Outdoor moves lower after reporting in-line sales, a slight earnings beat and a modest increase to its full-year outlook, while GE Healthcare says Chief Financial Officer Jay Saccaro is stepping down and also reports preliminary second-quarter revenue slightly above analyst estimates. In technology hardware, Citi places an upside 90-day catalyst watch on Dell, citing confidence in earnings momentum after strong preliminary figures earlier in the week from AI server maker Super Micro.

Verizon reports a mixed quarter, missing on revenue but slightly beating on earnings per share and lifting its full-year adjusted earnings outlook. The telecom group adds 184,000 postpaid phone subscribers, ahead of the 111,000 consensus tracked by FactSet, as investors compare its results with a stronger recent report from rival AT&T.

Our earlier article on Amkor’s $1.5 billion multi-year agreement with Nvidia covered how the deal is designed to expand advanced semiconductor packaging and testing capacity in the U.S., including growth in Arizona. We also noted that the partnership supports new packaging technologies for Nvidia’s AI and accelerated-computing platforms and highlights the broader push to strengthen domestic semiconductor supply chains as AI infrastructure demand accelerates.

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