💾 Intel’s $7.9B Lifeline

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☀️ Hey Everyone, Nuts Fam!

Rise and shine—it’s November 27th, and we’re serving up the hottest stories in business, tech, and markets. From the turbulence in the PC market to a historic grant for Intel, today’s edition is packed with insights you can’t miss.

But it’s not all gloom and doom! We’ve got stories of AI breakthroughs, record-breaking philanthropy, and even a new contender revving up for the F1 grid. So, grab your cup, and let’s dive into the buzz shaping your day.

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Today'Nuts Headlines

💻 HP and Dell Crash Amid PC Market Woes
AI servers shine, but weak PC demand dims industry outlook.

The global PC market isn’t catching a break, and neither are two of its biggest players. HP and Dell both reported earnings that painted a mixed picture, leaving investors jittery. HP shares tumbled 8.57% after missing revenue expectations for Q3, while Dell's stock dropped over 12% as weak Q4 guidance overshadowed its infrastructure gains.

AI-focused products are the bright spot for both companies, with Dell’s AI server sales surging 58% YoY. Still, sluggish PC sales and global economic uncertainty are keeping the sector in limbo. HP’s stock, up 30% earlier this year, is now down to $35.90. Analysts are watching whether AI adoption will spark a turnaround—or remain a slow burn.

🛡️ Cybersecurity Spotlight

CrowdStrike: Strong Q3, Weak Q4 Guidance

CrowdStrike ($CRWD) surpassed Q3 revenue and EPS expectations with $1.01 billion and $0.93, respectively. Yet, shares dropped 6.2% in premarket trading after Q4 guidance disappointed Wall Street.

The cybersecurity firm also hit a major milestone, becoming the fastest in its sector to surpass $4 billion in annual recurring revenue. However, lingering issues from a July software update that caused global disruptions—and a subsequent lawsuit from Delta Air Lines—are keeping some investors cautious.

Despite these challenges, CrowdStrike’s market leadership and resilience position it for long-term success.

💾 Semiconductor Surge

Intel’s $7.9B Lifeline: CHIPS Act in Action

Intel ($INTC) secured the largest-ever subsidy under the CHIPS Act—a $7.9 billion grant to bolster U.S. chip manufacturing. The deal promises to create 30,000 jobs across four states and underscores America’s push to reduce dependence on overseas semiconductor production.

The funding comes with strings attached, including a ban on stock buybacks for five years. With this grant, Intel has now committed $90 billion to U.S. investments by 2030. However, political pressure looms as the Biden administration accelerates CHIPS funding ahead of President-elect Trump’s term, during which such initiatives could face significant rollbacks.

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✨ In Other News

• 📱 Global Smartphone Sales Surge: Sales grew 6.2% in 2024, with Android vendors leading the charge. Apple, however, struggles to innovate fast enough to maintain its market share.

• 🛒 Walmart Ditches DEI Initiatives: Walmart ($WMT) ends its $100M racial equity program and other inclusion efforts amid conservative pressure. Other firms like Ford and Lowe’s have made similar moves in response to shifting political winds.

• 💊 Medicare May Cover Weight-Loss Drugs: Biden’s proposal to cover medications like Wegovy could aid 7.5 million Americans but faces a $35 billion challenge from incoming HHS nominee RFK Jr., who opposes the costly initiative.

• 🏎️ Cadillac Joins F1: GM’s Cadillac brand will hit the Formula 1 grid in 2026, a significant milestone for U.S. involvement in the global racing scene.

• ☕ Starbucks Tackles Ransomware Fallout: A cyberattack on Blue Yonder software forced Starbucks to manually manage payroll and schedules. The incident is part of a broader $1.1 billion ransomware surge this year.

• 🏗️ Adani Group Faces Fallout: The Indian conglomerate grapples with a $265M bribery scandal, causing stock prices to plummet and investor confidence to waver.

• 📈 Buffett Gives Back: Warren Buffett donated $1.1 billion in Berkshire Hathaway stock to family foundations, reaffirming his philanthropic legacy. He also outlined succession plans for his $147 billion empire.

Must Reads of the Morning

• "We Don’t Sell Saddles Here" – Lessons in building brands with purpose.

• "Play It Cool" – Heat-chasing vs. being a contrarian in VC.

• "AI in Academia" – Universities fight for resources in the AI race.

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Thanks for Reading!

That’s your midweek Nuts, filled with all the market buzz, business insights, and stories shaping today's world. Do you have feedback or want us to cover something specific? Drop us a line!

Until next time,
Your Cash Nuts Team