Biggest stock movers Friday: INTC, SAP, and more

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Stock futures inched higher Friday morning as market participants weighed escalating military conflict in the Middle East against a busy week of technology sector earnings.

Here are some of Friday's biggest stock movers:

BIGGEST STOCK GAINERS

* SAFETY INSURANCE (SAFT [https://seekingalpha.com/symbol/SAFT]) +42% - Shares soared after the insurer agreed to be acquired by Mapfre in an all-cash deal valued at approximately $1.54B. Under the agreement, shareholders will receive $105 per share in cash, representing a 44% premium to the prior closing price. The transaction is expected to close in Q1 2027, subject to regulatory approvals, with Safety continuing to operate under its existing brand as a wholly owned subsidiary of Mapfre U.S.A.
* AMKOR TECHNOLOGY (AMKR [https://seekingalpha.com/symbol/AMKR]) +9% - Shares jumped after the company announced a multi-year strategic partnership with Nvidia (NVDA) to develop advanced semiconductor packaging and testing technologies for next-generation AI platforms. As part of the deal, Nvidia will pay Amkor in advance to help increase its advanced packaging capacity in Arizona, which will boost U.S. AI chip production and make the supply chain more reliable, while also speeding up Amkor's growth and expansion in the U.S.
* SAP SE (SAP [https://seekingalpha.com/symbol/SAP]) +6% - Shares gained after the enterprise software company beat Q2 EPS estimates, reported 24% growth in cloud revenue, and issued stronger-than-expected full-year guidance. Cloud backlog rose 26% Y/Y, topping expectations, while SAP raised its 2026 cloud and software revenue outlook above consensus. Management attributed the momentum to strong adoption of its Autonomous Enterprise strategy and growing demand for its Business AI Platform.
* INTEL (INTC [https://seekingalpha.com/symbol/INTC]) +3% - Shares climbed after the chipmaker beat Q2 revenue, EPS, and gross margin expectations and issued stronger-than-expected Q3 guidance. Revenue surged 25% to $16.1B, driven by robust Client Computing and Data Center & AI demand, while the adjusted gross margin of 41.8% also topped estimates. Intel forecast Q3 revenue of $15.8B-$16.8B and adjusted EPS of $0.38, both above consensus, as management highlighted accelerating AI-driven demand across its CPU, foundry, and advanced packaging businesses.

BIGGEST STOCK LOSERS

* MAXLINEAR (MXL [https://seekingalpha.com/symbol/MXL]) -10% - Shares plunged despite the semiconductor company beating Q2 revenue and earnings estimates and issuing a Q3 outlook well above consensus. Q2 revenue increased by 55% Y/Y to $168.8M, fueled by a remarkable 145% growth in AI data center infrastructure revenue. Management emphasized strong demand for its Keystone PAM4 DSP platform and an expanding optical networking pipeline. The company projected Q3 revenue in the range of $210M to $220M, with the midpoint of $215M well above the $173.8M consensus.
* DECKERS OUTDOOR (DECK [https://seekingalpha.com/symbol/DECK]) -3% - Shares declined despite the footwear maker surpassing Q2 EPS estimates, as its raised full-year profit outlook was still below consensus. The company posted its first-ever $1B quarterly revenue, driven by continued strength at HOKA and UGG, with gross margin expanding to 56.4%, well above expectations.

MORE ON RELATED STOCKS:

* Amkor's Correction Handed Patient Investors A Second Look [https://seekingalpha.com/article/4925158-amkors-correction-handed-patient-investors-a-second-look]
* Deckers Outdoor Q1: The Thesis Is Still Intact [https://seekingalpha.com/article/4925131-deckers-outdoor-q1-bullish-thesis-still-intact]
* Intel Corporation 2026 Q2 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4925117-intel-corporation-2026-q2-results-earnings-call-presentation]
* Deckers forecasts FY2027 EPS $7.35-$7.50 while raising tariff assumption to 12.5% [https://seekingalpha.com/news/4617878-deckers-forecasts-fy2027-eps-7_35-7_50-while-raising-tariff-assumption-to-12_5-percent]
* MaxLinear forecasts Q3 revenue of $210M-$220M as it raises 2026 optical data center revenue to $210M-$230M [https://seekingalpha.com/news/4617872-maxlinear-forecasts-q3-revenue-of-210m-220m-as-it-raises-2026-optical-data-center-revenue-to]