Intel shares rise on AI progress updates at Computex; private equity sector rattled by Partners Group withdrawal cap
By
J. Edward Moreno
Master baker tier. Every paragraph earns its place on the tray.
Summary
Intel executives provided bullish updates on the company's AI progress and new business deals at the Computex expo in Taipei. The article contrasts Intel's positive outlook with a separate story about major US alternative asset managers (KKR, Blackstone, Ares Management, Blue Owl Capital) experiencing stock declines after Partners Group capped investor withdrawals from a flagship private equity fund, reigniting concerns over private asset valuations and liquidity. Partners Group's stock dropped 17% in Zurich trading, hitting a 52-week low.
Key quotes
· 3 pulledIntel executives gave bullish updates on the company's business.
Partners Group's stock dropped 17% in Zurich trading, marking its worst single-day drop on record.
The panic was triggered when Partners Group capped investor withdrawals from a flagship private equity fund.
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