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Here are some of the stocks leading Yahoo Finance’s trending tickers page during morning trading on Friday:
Dell (DELL): Shares of the technology company rose in 2% in morning trading on Friday after posting better-than-expected second quarter results and raising its full-year outlook. Dell also benefited from the development around AI, with increased demand for its servers.
Alibaba (BABA): The Chinese e-commerce giant rose nearly 3% Friday at the conclusion of a three-year regulatory process. The update comes after the company was hit with a multibillion-dollar antitrust fine by China’s State Administration for Market Regulation (SAMR) in 2021 for monopolistic practices.
Intel (INTC): Shares of the chipmaker gained 7% Friday morning following a report that the company is considering splitting off its foundry and other options as the rival to Nvidia tries to stem losses. The reported discussions follow a harsh earnings report from earlier this month that spooked investors. Overall, the stock is down over 50% so far this year.
Ulta (ULTA): The beauty store chain sank nearly 3% after posting second quarter results that fell short of expectations and as executives cut the company’s outlook for the year. The sagging results reflected increasing choosiness among consumers as other retailers have struggled this earnings season.
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