Uber Announces A New Update to Its Delivery Services and Intel Invests in Vietnam Manufacturing Facility 💻

Table of Contents

Uber Announces A New Update to Its Delivery Services and Intel Invests in Vietnam Manufacturing Facility

Uber

One of the hottest stocks to come out of Silicon Valley in the last decade was Uber, the app that transformed public transportation and made it more accessible. Despite being hit hard by the pandemic in March of 2020, the company has expanded its operation to include food and package delivery services, among others. In fact, On Thursday, Uber announced an update to their delivery services in New York, leading the stock to bounce over 7% during the day,

This innovation hasn’t all been done alone, in fact Uber has announced their collaboration with Nimble, an emerging prescription delivery service in the U.S. With this partnership, UberEATS will be able to provide New Yorkers’ prescriptions straight from their local pharmacies. And to further the convenience, customers will be able to access these services within the Uber app itself.

Intel

Intel has been trading sideways for a while but has seen recent gains, up 12% this month. This growth may be set to continue as the company’s latest investment shows potential in 2021. Specifically, Intel has invested $475 million into their Vietnam unit, this comes in addition to the $1 billion Intel has already invested into their state-of-the-art chip assembly facility in Saigon, Vietnam.

This investment isn’t just an increase in general supply of intel chips but could specifically accelerate the production of the highly coveted 5G technology. Intel seems to have the cash to back this as well, because as of last week Intel is clocking in with $19.98 billion in total revenue and $5.86 billion cash on hand.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
Market Recap – September 28th 💰
29 September, 2023

After the 10-year Treasury yield bond fell off from its 15-year high, investors added some value back into the market, focusing all short-term attention on Friday’s PCE price index reading.
The Crude Oil Bust 🛢
28 September, 2023

Surging global crude oil prices, driven by factors like OPEC+ production cuts have pushed U.S. West Texas Intermediate futures to over $95 per barrel.

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.