Intel And US To Finalize $8.5 Billion In Chips Funding By Year-end

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Intel and US to finalize $8.5 billion in chips funding by year-end 💻. The company and the U.S. government will likely finalize $8.5 billion in direct funding for the chipmaker before the end of the year, the Financial Times reported on Friday, citing people familiar with the discussions. Yahoo Finance reports.

💼 TechTurn: OpenAI CEO denies executives departures linked to restructuring. Reuters reports.

⏸️ FlightHold: Slow Airbus deliveries raise fresh questions over annual target. Yahoo Finance reports.

⚡ WindshieldVisions: Google's GV invests $11 million in Finnish startup revolutionizing mixed-reality tech for car windshields and cockpits. Benzinga reports.

🚗 ProfitSlip: CarMax misses quarterly profit estimates as average price per vehicle dips. Reuters reports.

📊 BoostAI: Accenture's AI business takes center stage in quarterly results beat. Economic Times reports.

🛫 FlyChange: Southwest Airlines raises summer revenue forecast, authorizes $2.5 billion in share buyback. CNBC reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $DUO: Fangdd Network Group
Total gain: +54.2%

2. $ONCO: Onconetix
Total gain: +43.64%

3. $RGF: Real Good Food Co
Total gain: +37.83%

4. $CDIO: Cardio Diagnostics
Total gain: +27.91%

5. $ESTA: Establishment Labs
Total gain: +21.39%

5 Stages of a Bubble

A basic characteristic of financial bubbles is the suspension of disbelief by most participants when the speculative price surge is occurring: It's only in retrospect, after the bubble has burst, that they're recognized (to many an investor's chagrin). Nevertheless, some economists have identified five stages of a bubble—a pattern to its rise and fall—that could prevent the unwary from getting caught in its deceptive clutches.

📰 Read more

The closing price of the top three market percent gainers trading near or above $3 on September 26.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $ATGL: Alpha Technology Group
Total gain: +71.63%
The stock appeared to be moving on no notable news.

2. $TBIO: Telesis Bio
Total gain: +71.56%
A new partnership between Telesis Bio and Beckman Coulter Life Sciences aims to create efficient and scalable biofoundries, providing solutions for sustainable and rapid on-premise DNA synthesis. This innovative approach is enabled by Telesis Bio's Gibson SOLA enzymatic reagent platform, integrated with Beckman Coulter Life Sciences' automation systems. The collaboration ensures the rapid, reliable, and highly scalable production of extremely high-fidelity DNA, empowering researchers to enhance productivity and drive innovation across a wide range of discovery applications. Benzinga reports.

3. $KTTA: Pasithea Therapeutics
Total gain: +48.50%
The company announced that it has entered into definitive agreements for the issuance and sale of an aggregate of 1,219,513 shares of its common stock (or pre-funded warrants in lieu thereof), along with accompanying Series A warrants to purchase up to 1,219,513 shares of common stock, and short-term Series B warrants to purchase up to 1,219,513 shares of common stock. Benzinga reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

None scheduled

Time (ET) / Report / Period

8:30 am - Personal income - August
8:30 am - Personal spending - August
8:30 am - PCE index - August
8:30 am - PCE (year-over-year)

“Your success in investing will depend on how you deal with the inevitable uncertainties, not on how you envision the future.”

― John C. BogleSourced in:
“The little book of common sense investing: The only way to guarantee your fair
share of stock market returns”, by John C. Bogle, published in 2007