Three major stocks are making headlines after Monday’s market close. Here’s a rundown of the key developments:
Kroger (KR): The grocery store giant saw its shares fall 2.3% following CEO Rodney McMullen’s resignation, which came after a board investigation into his personal conduct.
Intel (INTC): Despite initial gains, Intel stock pared its advances due to mixed signals from the semiconductor industry. A Reuters report revealed that Nvidia and Broadcom were testing manufacturing with Intel, but Chinese buyers are finding ways to circumvent export controls to purchase Nvidia’s AI chips.
TSMC (TSM): The world’s largest contract chip maker announced plans to invest $100 billion in U.S. manufacturing plants over the next four years. This move comes after a report by The Wall Street Journal. However, TSMC’s American depositary receipts took a hit, falling 3.6%.
Source: https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-live-03-03-2025/card/stocks-to-watch-monday-coinbase-capri-bae-prada-nUr0JNdyCjxwYAN34wh7