Intel's shares fell more than 8% after announcing plans to cut 25,000 jobs and scrap projects in Europe as part of a financial turnaround strategy. AEye saw a rise of about 18% due to the integration of its lidar units into Nvidia's Drive AGX platform. Deckers Outdoor increased by over 12% after reporting better-than-expected earnings for the second quarter. UnitedHealth dropped almost 0.6% following news of a DOJ investigation into its Medicare billing practices. AST SpaceMobile fell over 8% after announcing a private offering of $500 million.
Intel's actions are part of a turnaround plan aimed at improving its financial performance by reducing workforce and scrapping European projects, affecting its share price significantly.
Deckers Outdoor reported second-quarter earnings that exceeded market expectations, with earnings per share 44% higher than analysts' forecasts, leading to a notable share price increase.
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