Options Market Statistics: Intel Received Bullish Bets After Strong Q1 Results

Tesla shares might be trading higher in sympathy with the broader tech sector after Meta reported strong quarterly results. Meta's report follows strong earnings from other large-cap tech stocks last week, adding to positive market sentiment.

Shares of large U.S. technology companies are powering the broader market higher again, vindicating many individual investors who bet big on growth stocks.

First Republic stock went about a freefall on Friday, dropping 43.3% to $3.51 in regular trading and an incremental 33.62% in after-hours. The drop was precipitated by reports that the bank could be placed under Federal Deposit Insurance Corporation receivership, suggesting a government takeover of the bank. FDIC Works Overtime To Announce A First Republic Takeover By Late Sunday, Reports Say.

Intel reported strong first-quarter result on Friday. It reported first-quarter revenue of $11.7 billion, which was down 36% year-over-year. The revenue total beat a consensus estimate of $11.04 billion.

The company reported a loss of 4 cents per share in the first quarter, beating a consensus estimate of a loss of 15 cents per share. Intel also received a number of analyst rating updates following the earnings print.