Chapter 1: What are Intel's earnings expectations and market performance?
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good day to you. Today is Thursday, January 22nd. I'm Julie Morgan. The semiconductor sector ended mostly in the green on Wednesday, with Intel jumping ahead of the release of its fourth quarter financial results. Intel shares climbed 11% on Wednesday.
The company is slated to release its latest results after the markets closed today. Micron Technology was up 6.6%, AMD increased 7.7%, while Marvell Technology ticked up more than 3%. Nvidia gained just shy of 3%. Cirrus Logic ended the day 4.5% higher, while Global Foundries and OnSemi were both up more than 5%. However, Credo Technologies sank 9%, while Astera Labs dropped 4.2%.
Heading into earnings season, J.P. Morgan said many semiconductor firms appear to have considerable upside to the AI accelerator total addressable market. As for Intel, Wall Street expects the chipmaker to post EPS of $0.08 on revenue of $13.39 billion,
Chapter 2: How is the semiconductor sector performing ahead of earnings season?
implying a fall of 6 percent during the quarter. U.S. envoy Steve Witkoff said President Trump is considering proposals such as a tariff-free zone for Ukraine to help rebuild industry in the war-hit country. Witkoff said the idea would be game-changing.
He made the remarks on the sidelines in Davos ahead of a trip to Russia, as the administration works to broker a peace deal to end the war between Russia and Ukraine. He said he would then travel to Abu Dhabi, where there would be working groups on issues like military-to-military and prosperity discussions. Paramount Skydance plans to extend the deadline for its hostile takeover of Warner Bros.
Discovery, though it's not raising the $30 a share price tag. According to a New York Post report on Wednesday, it's not clear how long the Tinder offer will be extended. The news comes after Netflix on Tuesday disclosed an updated proposal to acquire key parts of Warner Bros.
Discovery in an all-cash transaction valued at $27.75 per share, plus the value from the planned separation of Discovery Global. Prediction markets suggest investors see Netflix as the frontrunner. Data from Kaoshi shows a 62% implied probability that Netflix ultimately prevails, compared with a 25% chance for Paramount Skydance. Of course, I have a few other articles that are trending.
Apple starts Lunar New Year discounts in China up to 1,000 yuan. According to Reuters, the Trump administration will offer states deals to host nuclear waste. And Goldman Sachs is lifting its 2026 gold forecast on strong private and central bank demand. On our Catalyst Watch, the go-shop period expires on the private equity bid for Clearwater Analytics Holdings.
Shareholders with Southerly Hotels will vote on its buyout offer. And shareholders with Forge Global Holdings will vote on the acquisition offer from Charles Schwab. On Wall Street, ahead of the opening bell at this early hour, Dow S&P and Nasdaq futures are in the green. Crude oil is down 0.7% at $60 a barrel. Bitcoin is up 0.6% at $89,000. Gold is down 0.1% at $48.24.
The FTSE 100 is up 0.7% and the DAX is up 1.6%.
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Chapter 3: What proposals is the Trump administration considering for Ukraine?
Datadog is on our list of the biggest movers of the day pre-market. D-Dog is up 3% after Stifel upgraded the stock to buy from hold, citing confidence that the company will outperform expectations as core growth accelerates. And on today's economic calendar, at 8.30am GDP and at 10am personal income and outlays. That's it for today's Wall Street Breakfast. Thanks for listening.
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