Descriptions:
Bloomberg Technology’s April 24, 2026 broadcast covers a landmark day for Intel and sweeping workforce reductions across Meta and Microsoft, anchored by hosts Ed Ludlow and Caroline Hyde with commentary from Bloomberg’s Ian King and equity analyst Cody.
Intel’s stock surged past its dot-com era record high — up 120% on the day — after the company delivered guidance that beat Wall Street expectations. The rally is driven by renewed CPU demand in AI inference and agentic workloads, where Intel’s general-purpose processors are re-emerging alongside Nvidia GPUs. Analyst Cody raises his Intel price target from $76 to $105 per share, pointing to progress on the 18A process node (with a reported six-to-seven-times increase in production expectations), improving yields, and Intel Foundry’s potential to attract large external customers including Nvidia. CEO Tan stops short of confirming specific foundry customers but signals progress toward making Intel a credible TSMC alternative for U.S.-based fabrication.
The second major story covers job cuts totaling up to 23,000 positions across Meta and Microsoft. Meta is trimming roughly 10% of its workforce — approximately 8,000 employees — while planning to spend as much as $135 billion in capital expenditures this year on AI infrastructure. Microsoft is taking a different approach with voluntary buyouts that could reduce its U.S. workforce by up to 7%, a method the company has not previously used. Both companies frame the reductions as necessary to fund AI investment while holding margins flat.
📺 Source: Bloomberg Technology · Published April 24, 2026
🏷️ Format: News Analysis
