Intel shares surged 4% after announcing lower full-year costs due to selling a majority stake in Altera. The sale to Silver Lake for $3.3 billion resulted in reduced 2025 non-GAAP operating expenses from $17.0 billion to $16.8 billion. CEO Lip-Bu Tan’s cost-cutting measures have positively impacted the company, with shares up 25% year-to-date.

Read more at Yahoo Finance: Intel Stock Rises on Cut Cost Outlook Following Altera Stake Sale