Intel Jumps 3.8% After Pelosi Discloses 10,000-Share Buy as Chip Stocks Rebound
Updated
Updated · Blockonomi · Aug 25
Intel Jumps 3.8% After Pelosi Discloses 10,000-Share Buy as Chip Stocks Rebound
3 articles · Updated · Blockonomi · Aug 25
Summary
Intel rose 3.8% in premarket trading after Nancy Pelosi disclosed buying 10,000 shares and 50 June 2027 $50 call options, helping lift a broader semiconductor rebound.
AMD gained 2.6% and Marvell 3.4%, while Nvidia added 0.8% as the chipmaker tried to snap a seven-session slide ahead of earnings due after Wednesday's close.
Bloom Energy climbed about 5% after the same disclosure showed Pelosi bought 15,000 shares and 100 call options in the company.
Elsewhere in Tuesday trading, Navitas jumped roughly 6% on a Claros deal worth up to $232.8 million, while Dick's Sporting Goods sank more than 14% after cutting EPS guidance to $11-$12 from $13.50-$14.50.
The moves came as tech futures steadied and Bitcoin topped $80,000 for the first time since May, underscoring a broader risk-on turn after a difficult stretch for growth stocks.