The bell is bringing an end to the trading day at the NYSC TransOcean ringing the bell in at the NASAC NERV-Gen Pharma.

Welcome to closing bell overtime, live from Studio B at the NASAC market site.

I'm Melissa Lee along with Mike Santoli.

Thoughts rising across the board for the second straight day, nearly wiping out Tuesday's losses.

And we are at day 14 of the Russell outperforming

the S&P 500. Some of the underperforming big caps rebounding today, 5% for META, 2% for Oracle.

Our reporters are all over. It's Simomodi on the market movers, Pippa Stevens on commodities,

as Nat Gas continues its best week ever. President Trump is suing JPMorgan. Morgan. Eamon Javers is on that story. And Christina Parts Nevelos is standing by for Intel earnings. But Intel is not the only report we are waiting for at this hour. Economic Bellwether, CSX is due out, as is Alcoa, which has doubled in six months. We'll hear from this company's CEO before he talks to analysts on the conference call. But what a day. We got some follow-through, Mike, second day, positive day in a row. Mega caps doing a little bit better today. Yes, market kind of relaxing higher to a degree. The dip buyers are taking victory laps this morning, which is understandable, though I don't think it was the most high momentum emphatic buy.

But, yeah, some of the stuff that's been weak, you got some decent bounces, modest bounces in Microsoft, lesser in Apple. I do think, though, it's notable that some of the recent leaders rolled over a couple hours ago. So you saw, like, regional banks down more than 1% since 1 o'clock. So it seems as if some of the market's been tired because it's been doing all the work,

and then we had a pull back.

Other factor, keep in mind, sell the news responses to some big earnings. I know we'll talk about some of those. That's sometimes a pattern in earnings season. All right. We do want to get to Intel earnings. They have just crossed the wires. Christina Parts and Nevel has got the numbers here. Christina. Yeah, what we're seeing is a beating expectations for the fifth consecutive quarter driven by

AI spending in both PCs and data centers.

So revenue hit $13.7 billion with data center and AI revenue up 9% year every year, while

cloud computing revenue actually declined 7%.

The company is guiding first quarter revenue to a range of

11.7 billion to 12.7 billion, so that's below Wall Street expectations. The reason for that,

supply constraints. They raised concerns about that last quarter. Same issue again. CFO Dave Zizner

told me just in the last hour, we were chatting on the phone, that Intel ran out of the inventory

buffer had been using to meet demand, and the company will be, quote, leaving quite a bit just in the last hour, we were chatting on the phone, that Intel ran out of the inventory buffer

had been using to meet demand,

and the company will be, quote,

leaving quite a bit on the table in Q1.

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