Diamonds and Dogs

4/3/24

Dave and Busters (PLAY) is having a good time. The entertainment stock is jumping 6% on better than expected earnings and sales for the fourth quarter. The company repurchased $300 million shares during the 2023 fiscal year. Dave & Buster's board hiked its current buyback program by $100 million, bringing the total to $200 million.

Intel (INTC) has a manufacturing problem. The chip giant is down 7% after reporting $7 billion in losses in its chip manufacturing segment last year. Ouch. The chipmaker was recently awarded $8.5 billion in grants from the Biden administration to develop and build out domestic chip operations in the US as part of the CHIPS Act.

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