This comes as Meta (META) prepares to lay off 5% of its workforce, with CEO Mark Zuckerberg reportedly having said the company was looking to "move out low-performers faster" in an internal memo last month.
The move is reportedly part of cost-cutting efforts, with the company's spending set to rise this year.
Zuckerberg announced last month that Meta (META) plans to fork out as much as $65bn (£51.6bn) in artificial intelligence (AI) capital expenditure in 2025. He said that the company plans to build a 2+ gigawatt data centre large enough to almost cover Manhattan.
The level of spending on AI by US Big Tech firms has faced greater scrutiny since the release of a lower-cost AI model by Chinese startup DeepSeek rattled markets last month.
Shares in Intel (INTC) surged 16% on Tuesday, its biggest single-day gain since March 2020, giving the stock an increase of 38.5% over the past five days, which marked the largest gain in its history as a public company.
The jump in shares came after a report that the chipmaker's rivals Broadcom (AVGO) and TSMC (TSM) are exploring potential deals with the company that would split it into two.
The Wall Street Journal reported late on Saturday that Broadcom (AVGO) is considering making a bid for Intel's product business, which designs semiconductors for computers and servers. The report also said that TSMC (2330.TW, TSM) was looking at controlling some or all of Intel's (INTC) factories, though it said the companies had not submitted deals to Intel and that talks were preliminary and informal.
Intel (INTC) has struggled with efforts to turn around its business, with Pat Gelsinger being ousted from his role as CEO by the company's board in December.
“Intel (INTC) is wounded and performing badly," said Dan Coatsworth, investment analyst at AJ Bell (AJB.L). "It has frittered away billions of dollars in cash on share buybacks and not paid enough attention to product engineering, thereby weakening its competitive position."
"Nvidia (NVDA) and AMD (AMD) are eating its lunch and it has yet to make an impression on the foundry market dominated by TSMC (2330.TW, TSM) and UMC (2303.TW) of Taiwan. This has weighed on the share price and seen Intel (INTC) grossly underperform the S&P 500 index."
"The apparent failure of Intel’s turnaround plan means it is no surprise that vultures are starting to circle."
Shares in Super Micro Computer (SMCI) jumped 16.5% on Tuesday and were up more than 4% in pre-market trading on Wednesday, as investors appeared bullish about the company's outlook.
Last week, the computer server maker said it expected to submit delayed filings to the Securities and Exchange Commission (SEC) by the Nasdaq's deadline of 25 February to avoid delisting.
Super Micro (SMCI) said it "continues to work diligently toward the filing" of its delayed annual and quarterly reports.
The company also released its preliminary second quarter earnings after the bell on Tuesday, though figures missed estimates. Super Micro (SMCI) said it expected to post revenue of $5.6bn to $5.7bn for the second quarter, which fell short of expectations of $5.95bn.
Super Micro (SMCI) also cut its revenue guidance for the 2025 fiscal year to between $23.5bn and $25bn, down from a previous range of $26bn to $30bn.
However, the server maker laid out an ambitious revenue target for next year, with CEO Charles Liang saying on a call with investors that he believed the company had the "potential to reach $40bn for fiscal year '26."
The brand's first collection is set to debut in the US this spring, with a global expansion to follow in 2026.
Kardashian said: "Nike (NKE) and SKIMS share a deep commitment to innovation, inclusivity and pushing boundaries, driven by an unwavering belief in the power of women.
"This partnership is the culmination of that shared vision, delivering product that is meticulously designed to sculpt and perform for every body."
Strong annual results from aerospace and defence company BAE Systems (BA.L) provided a further boost to its shares, with the stock having already climbed on expectations of greater defence spending.
BAE (BA.L) posted a 14% increase in sales for 2024 to £28.3bn ($35.7bn), while underlying earnings before interest and tax were also up 14% to £3.01bn, resulting in a 10% rise in underlying earnings per share to 68.5p.
Matt Dorset, equity analyst at Quilter Cheviot, said: "We continue to see structural tailwinds supporting BAE, driven by increased global defence spending."
He said recent discussions at the Munich Security Conference "further highlighted the necessity for heightened defence budgets."
“European defence stocks, including BAE (BA.L), stand to benefit significantly from the shift to increased defence spending, said Dorset. "Not only will larger defence budgets drive demand, but Europe is also likely to focus on enhancing its own defence production capabilities rather than relying on US exports.
“BAE Systems (BA.L), as a pureplay UK defence company with substantial exposure to European demand, is well positioned to capitalise on this.
"The ongoing strategic defence review in the UK and the anticipated EU defence white paper are likely to emphasise the need for increased defence spending, further supporting BAE’s growth prospects."
Other companies in the news on Wednesday 19 February:
