David Mansfield Departs As CEO Of Perma-Pipe

TradingKey - On April 23 (ET), Intel released its latest quarterly earnings report, which showed revenue grew 7% to $13.6 billion and earnings per share (EPS) reached $0.29, beating expectations. Analysts had previously forecast average revenue of $12.4 billion and EPS of $0.01.

TradingKey - SAP SE released its Q1 2026 financial results. During the period, under International Financial Reporting Standards (IFRS), the group's total revenue was €9.555 billion, up 6% year-on-year, largely in line with market expectations. Net profit attributable to the parent company was €1.932 billion, a 9% increase year-on-year. Diluted earnings per share (EPS) was €1.65, compared to €1.51 in the same period last year, representing a 9% year-on-year increase.

TradingKey - Driven by the global boom in AI infrastructure construction, demand for server chips is seeing explosive growth. Intel (INTC), which fell behind in the early stages of the AI race, is accelerating its recovery on the back of better-than-expected earnings.

TradingKey - On April 23, Intel (INTC.US) shares rose as much as 2% in pre-market trading before paring gains. This follows an announcement by Tesla CEO Elon Musk that Tesla will use Intel's advanced 14A manufacturing process to produce AI chips for its Terafab project, making Tesla the first major customer for Intel's 14A technology.

TradingKey - Intel surged 74% YTD and hit 26-year highs near $70. Q1 2026 earnings drop April 23. RSI overbought at 78. Key support $63, resistance $72.50. Buy or fade?