Options Market Statistics: Nio's Stock Suffering Worst Day in 11 Months After Convertible Debt Offering, Options Pop

Convertible bonds can be turned into shares in the company, potentially diluting existing holders of the stock but allowing the company to borrow money and lower interest rates than with standard corporate bonds.

Intel said Tuesday that it plans to enhance its PC chips with artificial-intelligence capabilities in time for the holidays, highlighting that the hardware will allow users to better protect their data by keeping it local.

The new chips will allow AI inferencing on a device without needing a connection to the internet, Intel announced at the kickoff of its Innovation 2023 developer conference. Inferencing in AI is where a machine-learning model takes data it already has to make predictions or create a novel response, following a user's request.

Speaking at Pinterest's first investor day, executives said they expect a compound annual growth rate over the next three to five years in the mid- to high teens, compared with guidance in the high single digits for the third quarter. Pinterest's sales grew less than 9% last year, and analysts are modeling 8% growth this year.