Demand for Intel’s CPUs from firms offering AI services was so strong in the first quarter that it sold even chips it had originally written off, a remarkable turnaround that sent the company’s shares soaring on Friday. The stock surged more than 23.6% to US$82.54, surpassing its dot-com-era peak in 2000 and taking the company’s…
Intel shares skyrocketed more than 23.6% on Friday, closing at $82.54 and finally eclipsed the company’s long-standing peak from the year 2000. This historic rally pushed Intel’s market value above $416 billion, signalling a massive vote of investor confidence in the turnaround led by CEO Lip-Bu Tan. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday:…
The Intel logo is displayed in front of Intel headquarters in Santa Clara, California, Jan. 22, 2026. Justin Sullivan | Getty Images Intel shares soared 24% on Friday, their best performance since October 1987, as investors cheered signs of renewed growth due to mounting artificial intelligence demand. The stock closed at $82.57 and is now…
MTN Nigeria Communications CEO Karl Toriola MTN Nigeria has reported a dramatic reversal in fortunes, swinging from a loss of ₦400.4-billion (R4.7-billion) in 2024 to a profit after tax of ₦1.1-trillion (R12.9-billion) for the year ended 31 December 2025, as a more stable naira and surging data demand powered a recovery across the business. The…
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Berkshire Hathaway’s new CEO likes the surprise course reversal announced this week by the new CEO of Kraft Heinz. In the food company’s Q4 earnings…
JSE-listed technology group iOCO is stepping up its share repurchase programme, acquiring a further 2.34 million ordinary shares between 29 November and 31 December 2025, at prices between R3.98 and R4/share. The total value of the latest buybacks was R9.4-million, excluding transaction costs. The repurchased shares are being held as treasury shares. Since the programme…
A Telkom communications tower in Pretoria Telkom released its interim results for the six-month period ending 30 September 2025 on Tuesday. On the surface, the headline number is exceptionally strong: the group’s headline earnings per share from continuing operations reached 305.6 cents, while group revenue rose to R22.1-billion. For a company that has spent years…
Ioco Limited has reported a return to profitability for the financial year ended 31 July 2025, marking a decisive turnaround after three years of losses. The technology group credited its improved performance to an operational reset, disciplined execution, and a more focused business structure. Group CFO Ashona Kooblall For the first time, Ioco generated enough…
The turnaround at iOCO – the JSE-listed technology services company previously known as EOH Holdings – continues, with the group now even considering acquisitions to help fuel growth in the years ahead. iOCO reported headline earnings per share of 40c in the 2025 financial year, which ended in July 2025, an improvement from the loss…
Mustek CEO Hein Engelbrecht JSE-listed technology distributor Mustek has delivered an improved bottom line in the year to 30 June 2025, even as group revenue fell sharply in a challenging economic environment. The company credited disciplined cost control and tighter working capital management for the rebound in profitability. The results marked a significant turnaround from…
