NEW YORK — Intel Corp. shares closed at $119.84 on May 22, 2026, up 1.13 percent on the Nasdaq as the semiconductor company continued to show signs of recovery in its data center and artificial intelligence businesses amid ongoing restructuring efforts.

The stock traded in a range between $117.50 and $121.20 during the session. In after-hours trading, shares fell to around $118.15. Intel has experienced volatility in 2026 as investors monitor its progress in regaining market share in AI servers and advancing its foundry operations.

Q1 2026 Financial Results

Intel reported first-quarter 2026 revenue of $13.6 billion, up 7 percent from the prior year. The Data Center and AI segment grew 22 percent to $5.1 billion, while Client Computing Group revenue rose 1 percent to $7.7 billion. The company posted a GAAP net loss of $3.7 billion, or $0.73 per share, largely due to $4.07 billion in restructuring and impairment charges. Non-GAAP earnings per share were $0.29.

Intel guided second-quarter 2026 revenue between $13.8 billion and $14.8 billion. The company highlighted progress on its 18A manufacturing process and noted sold-out AI CPU capacity earlier in the year.

Business Strategy and Foundry Update

Intel has focused on regaining share in AI servers under CEO Lip-Bu Tan. The company reported improvements in Data Center and AI revenue. Potential partnerships, including discussions with Tenstorrent for AI processors, have drawn attention. Challenges remain in foundry profitability and process yields.

Intel continues to invest heavily in manufacturing facilities and research. Q1 2026 operating cash flow was $1.1 billion, with adjusted free cash flow negative $2 billion due to capital expenditures.

Analyst Views

Analysts have assigned Intel a consensus Hold rating with average price targets around $70 to $81 in some forecasts, though recent momentum has pushed shares higher. Intel’s stock recovery followed significant gains from 2025 lows, with shares rising over 200 percent in the 2026 year-to-date period at points.

The company has pursued an “aggressive pricing strategy” to maintain competitiveness while absorbing costs associated with higher RAM and new components.

Market Position

Intel competes directly in semiconductors against Nvidia and AMD in data center CPUs while building foundry capabilities. The company reported sold-out AI CPU capacity earlier in the year. Supply chain reports have pointed to Intel’s efforts on Panther Lake and other processors for 2026-2027.

Intel maintains a dividend, though payouts have faced scrutiny amid earlier losses. The stock has shown high volatility, with a 52-week low near $19 in 2025 before rebounding.

Broader Industry Context

Demand for AI infrastructure has driven investment across the semiconductor sector. Intel’s progress on its 18A process node is seen as critical for regaining competitiveness. The company has highlighted improvements in process technology and partnerships to expand its foundry business.

Upcoming earnings are scheduled for late July 2026. Analysts will monitor execution on foundry profitability, AI CPU sales and margin trends.

Company Developments

Intel has invested in new manufacturing facilities and research. The company has reported sequential revenue growth in client and data center segments for Q2, driven by supply improvements and pricing. Risks include foundry execution and competition in AI chips.

Intel’s market recovery followed significant gains from 2025 lows. The company has focused on regaining share in AI servers and advancing its foundry business.

Valuation and Outlook

Intel carries exposure to cyclical semiconductor markets and has faced margin pressures from competitive pricing and memory costs. The stock has shown high beta and cyclical exposure compared to more stable tech peers.

Analysts project continued revenue and earnings expansion tied to AI adoption. Intel has maintained guidance for sequential growth in key segments. The company faces typical industry risks, including supply chain dynamics for components like memory and GPUs, geopolitical factors affecting China exposure, and competition from other server providers.

Intel continues quarterly product launches and ecosystem partnerships to address enterprise and research demand for AI capabilities. Further details on Q2 performance and full-year execution will come with the late July report.

Historical Performance

Intel has a long history as a leader in semiconductor manufacturing. The company has invested heavily in regaining process technology leadership after falling behind in recent years. Its 18A node is viewed as a key milestone for future competitiveness.

The stock has traded well above prior-year levels amid sector tailwinds in AI infrastructure. Trading volume on May 22 was elevated as investors reacted to broader sector momentum and company-specific developments.

SAN ANTONIO — The San Antonio Spurs defeated the Oklahoma City Thunder 103-82 in Game 4 of the 2026 Western Conference Finals on May 24 at Frost Bank Center, evening the best-of-seven series at 2-2.

Victor Wembanyama led the Spurs with 33 points, including 22 in the first half. De’Aaron Fox recorded 10 rebounds, while Devin Vassell and Stephon Castle combined for 26 points. The Spurs held the Thunder to 33 percent shooting from the field and 18 percent from three-point range. Shai Gilgeous-Alexander did not play in the fourth quarter.

Game Summary

The Spurs built a substantial lead early and maintained control throughout. Oklahoma City struggled with shooting efficiency and turnovers. The Thunder’s bench, which had been a strength in previous games, was outscored as San Antonio’s starters and reserves contributed balanced scoring.

Wembanyama’s performance included efficient scoring inside and from mid-range. He also added rebounds and defensive contributions. The Spurs’ defense limited Oklahoma City’s transition opportunities and contested shots effectively.

Series Context

The Thunder won Game 3 by 15 points after overcoming an early deficit. San Antonio responded in Game 4 with a complete team effort. The series opened with the Spurs winning Game 1 in double overtime in Oklahoma City. The Thunder took Game 2 at home before winning Game 3 in San Antonio.

Game 4 marked a return to strong home performance for the Spurs. The victory shifted momentum back to San Antonio heading into Game 5 in Oklahoma City.

Player Performances

Wembanyama has been the Spurs’ leading scorer through the first four games of the series. His ability to impact both ends of the court has been central to San Antonio’s competitiveness. Fox contributed playmaking and rebounding in his return from injury.

Vassell and Castle provided scoring support. The Spurs’ bench played a key role in maintaining the lead during the second half. Oklahoma City’s starters, led by Gilgeous-Alexander, faced defensive pressure throughout.

The Thunder’s poor shooting night contrasted with their stronger performances in earlier games. Their bench production, which set a playoff record in Game 3, was limited in Game 4.

Injury and Availability Notes

Dylan Harper remained sidelined for the Spurs with a right adductor injury. The team has managed guard depth with Fox’s return. Oklahoma City monitored Jalen Williams’ hamstring status after he missed Game 3.

Coaching Strategies

Spurs coach Mitch Johnson emphasized balanced scoring and defensive intensity. The team focused on limiting Gilgeous-Alexander’s driving lanes and forcing turnovers. Thunder coach Mark Daigneault utilized rotations to counter Wembanyama but faced challenges with shooting efficiency.

Home-Court Atmosphere

Frost Bank Center provided strong support for the Spurs. The crowd contributed to the energy as San Antonio built and protected the lead. Former Spurs legends attended, adding to the playoff atmosphere.

Broader Playoff Picture

The Western Conference Finals feature two young cores with significant future potential. Oklahoma City, the defending champions, have shown resilience through injuries and early deficits. San Antonio has demonstrated competitiveness despite health challenges to key guards.

The series has been marked by physical play and adjustments. Both teams have young talent and assets that could shape future rosters. The outcome of the Western Conference Finals will determine the opponent for the NBA Finals.

Historical Notes

Wembanyama’s scoring output in the series has placed him among standout playoff performers for second-year players. The Spurs’ response in Game 4 after trailing the series showed resilience at home.

The Thunder’s bench has been a consistent strength, though it was neutralized in Game 4. The series has featured strong individual performances from Wembanyama and Gilgeous-Alexander.

Upcoming Schedule

Game 5 is scheduled for May 26 in Oklahoma City. The series could return to San Antonio for Game 6 if necessary. Both teams will evaluate adjustments and monitor player availability ahead of the next contest.

The Western Conference Finals have drawn national attention for the matchup between two rising franchises. The Thunder aim to defend their title, while the Spurs continue building around their young core.

Thailand’s Amazing Grand Sale 2026, scheduled from June 15 through August 15, is designed to drive tourist expenditure via deals and promotional offers throughout the country, with more than 100 partners participating to champion local goods and designers.

Key Points

• The Amazing Thailand Grand Sale 2026 is set for June 15 to August 15, organized by the Tourism Authority of Thailand with over 100 partners. The campaign aims to boost tourist spending during the Green Season, targeting both short-haul and long-haul markets.
• Recent data indicates that foreign visitors allocate 15-20% of their travel budgets to shopping, making it the third-largest expense after accommodations and food. Key markets include China, the US, UK, Japan, and Australia.
• The campaign offers discounts across major cities, promoting Thai identity and local products. The 2025 campaign saw over 700 million baht in circulation. Businesses are encouraged to participate by providing promotions, with more info available on the LINE Official Account @thailandgrandsale.

The government is moving ahead with preparations for the Amazing Thailand Grand Sale 2026, led by the Tourism Authority of Thailand under the Ministry of Tourism and Sports, in coordination with more than 100 partners across the tourism sector. The campaign runs from June 15 to August 15, 2026, during the Green Season, with the objective of increasing tourist spending from both short-haul and long-haul markets.

Data from recent years shows that foreign visitors typically spend around 15 to 20 percent of their travel budget on shopping and souvenirs, making it the third-largest expense after accommodation and food and beverages. Key markets include China, Singapore, the United States, the United Kingdom, Japan, France, Australia, India, South Korea, and Hong Kong.

The campaign features discounts and special privileges across major cities and emerging destinations, while promoting Thai identity through locally branded products and supporting designers in areas such as fashion, crafts, jewelry, and environmentally friendly goods made from recycled materials.

Results from the 2025 campaign recorded more than 700 million baht in circulation, along with high satisfaction levels and strong recommendations from participants. Tourism-related businesses are encouraged to join by offering promotions, with further information available through the LINE Official Account @thailandgrandsale.

Source : Thailand Prepares Amazing Thailand Grand Sale 2026

Other People are Reading

Bradford-based grocer pitches its Myton manufacturing arm to Sainsbury’s and other supermarket rivals as it tries to grind down a £3.1bn debt pile inherited from its 2021 private equity takeover.

Morrisons is in advanced conversations with rival British supermarkets to start supplying them with own-brand pies, meat and eggs produced by its Myton manufacturing division, as chief executive Rami Baitiéh hunts for fresh sources of revenue to ease the grocer’s heavy debt burden.

The Bradford-based chain, one of the so-called Big Four, is understood to have ushered buyers from competing retailers into a Myton factory in recent weeks, with Sainsbury’s among the grocers to have toured production sites previously. The push marks a notable shift in posture: Morrisons has historically guarded the output of its 17 UK manufacturing sites as a competitive moat, but is now willing to feed rivals’ shelves if it brings in profitable third-party volume.

Myton is one of the country’s largest food manufacturers and produces Morrisons’ sweet and savoury pie ranges, while also sourcing meat, fish, eggs and even flowers for the supermarket. It already serves a clutch of independent retailers and is now being pitched to large hospitality groups as well, with showcase events held in recent months to highlight its British-made credentials.

£3.1bn debt overhang from the CD&R takeover

The wider strategic context is hard to ignore. In its most recent set of accounts, covering the 52 weeks to 26 October, the grocer posted a pre-tax loss of £381m after absorbing a £281m interest bill on its borrowings. Net debt stood at £3.1bn at the year-end, an overhang from the £10bn leveraged buy-out by US private equity firm Clayton, Dubilier & Rice in 2021.

Morrisons has been steadily chiselling away at that figure, gross debt is down roughly 46 per cent from its 2022 peak, helped by a series of sale-and-leaseback deals, but the interest cost still dwarfs reported profits. Underlying earnings of £835m and twelve consecutive quarters of positive like-for-like sales growth, as detailed in the company’s full-year results, suggest the operating business is in markedly better shape than the bottom line implies.

That is where Myton comes in. While Morrisons does not break out the division’s numbers, it is widely understood inside the business to be profitable, with spare manufacturing capacity that executives believe could be sweated harder by serving a broader customer base, at home and overseas.

Closures, cafés and a streamlined estate

The supply-side push lands alongside an aggressive cost programme. Morrisons has confirmed plans to close 100 convenience stores, shuttered a swathe of in-store cafés, counters and florists, and has been trimming head office headcount as it leans into automation and AI. Earlier this year, Myton itself closed its loss-making Wakefield bakery in a sign that no part of the empire is sacrosanct.

Competitive pressure has not abated either. Discounters Aldi and Lidl continue to nibble at the heels of the traditional Big Four, with Aldi having overtaken Morrisons to become Britain’s fourth-largest supermarket by market share, a shift that has sharpened the urgency behind any plan capable of widening the grocer’s margin pool.

Sale considered, then parked

The latest outreach follows an episode earlier in the year, first reported by The Telegraph, in which Morrisons received an unsolicited approach for Myton and held talks with at least one private equity bidder about an outright sale. The Grocer subsequently reported that the supermarket was no longer in active negotiations to offload the unit.

Mr Baitiéh has been notably bullish on keeping manufacturing in-house. In January, the Frenchman, who joined from Carrefour in 2023, said vertical integration was “part of the DNA of Morrisons, it’s going to stay”, arguing that owning the factories gives the grocer a point of difference against rivals reliant on a patchwork of external suppliers.

For SME food producers watching from the sidelines, the move is double-edged. Morrisons remains a major buyer from British farmers and small food businesses, but a more commercially aggressive Myton, selling pies and meat into Sainsbury’s, hospitality chains and beyond, could either crowd out smaller competitors or open up new co-manufacturing opportunities, depending on how the contracts are structured.

A spokesman for the supermarket said: “Myton is a high-quality food manufacturing business and has always served other customers as well as Morrisons. We have been growing this area of the business over recent years by attracting new customers in retail, food service and food manufacturing, to build a broader base for the business both in the UK and internationally. Myton does not comment on the detail of its customer relationships.”

What it means for the turnaround

Strip out the headline loss and the picture at Morrisons is one of a grocer slowly clawing back relevance: solid Christmas trading, a 17.4 per cent jump in sales of its premium “The Best” range, and a debt pile that is shrinking rather than spiralling. Pushing Myton’s produce onto rival shelves is unlikely, on its own, to crack the debt problem, but it is a low-capital lever that uses existing assets, and one that Mr Baitiéh appears determined to pull.

If the early site visits convert into supply contracts, expect Morrisons’ annual report to start carving out Myton’s contribution more explicitly. Investors, lenders and, eventually, any future bidder would all want to see it.

Jamie Young

Jamie is Senior Reporter at Business Matters, bringing over a decade of experience in UK SME business reporting.
Jamie holds a degree in Business Administration and regularly participates in industry conferences and workshops.

When not reporting on the latest business developments, Jamie is passionate about mentoring up-and-coming journalists and entrepreneurs to inspire the next generation of business leaders.