Intel Cuts 10K Jobs for Cost Reduction

Intel plans to reduce its workforce by 10,000 employees globally to fund a major rebound effort, amid a challenging period for the tech industry.

The company's shares rose by 1% in extended trading.

This development has sparked discussions about the broader implications for the tech sector, including concerns about the impact on other companies like Microsoft and NVIDIA.

Nancy Pelosi's recent investment activities, including buying Nvidia shares and selling Microsoft shares, have also been a topic of discussion among investors and analysts.