Nvidia-Intel Partnership, Darden Restaurants Decline, Cracker Barrel Woes | Stock Movers

Nvidia and Intel Partnership

• 🤝 Nvidia is investing $5 billion in Intel to co-design chips for PCs and data centers.
• 💡 Intel will integrate Nvidia's graphics technology into its upcoming PC chips and supply processors for data center products built around Nvidia hardware.
• 🚀 This collaboration aims to enhance Intel's competitive position against rivals like Advanced Micro Devices.
• 💰 Intel has also received a roughly 10% stake from the US government, a $2 billion investment from Japan's SoftBank, and is raising cash by selling assets.

Darden Restaurants Sales Deceleration

• 📉 Darden Restaurants (DRI) shares are down due to a greater-than-expected deceleration in comparable sales for its core brands, including Olive Garden and LongHorn Steakhouse.
• 📊 Adjusted earnings per share and same-store sales growth fell short of expectations.
• ⚠️ Food inflation also impacted profits, and while annual top-line forecasts were slightly boosted, this did not translate to the bottom line.

Cracker Barrel's Revenue Projections and Brand Fallout

• 📉 Cracker Barrel (CRBL) shares are lower after projecting fiscal 2026 revenue between $3.35 billion and $3.45 billion, missing analyst expectations.
• 🎨 The company is still dealing with the fallout from a controversial logo change and planned restaurant remodels.
• 💸 Despite stopping the logo change and remodel plans, the company had already spent $20 million on remodels last year, with plans to revert stores to their previous look.
• 🚶 Foot traffic reportedly fell 8% after the logo change announcement and is expected to decline another 7-8% in the fiscal first quarter.