Intel Gains, Lumentum Rises, Monday.com Surges on Earnings Beat On this episode of Stock Movers:

On this episode of Stock Movers:
- Intel (INTC) shares rise. It gained on the back of optimism it will find more demand for its chip-packaging services. Intel's stock price has more than tripled this year so far through Friday's close. Much of that boost has been related to hopes the company is about to sign up a major customer for its foundry, or chip-manufacturing unit.
- Lumentum (LITE) shares rise after Nasdaq announced that the stock will join the Nasdaq 100 Index, replacing CoStar Group. prior to market open on May 18. Inclusion in the benchmark is becoming more important for companies in a world increasingly dominated by passive investment funds; on the flip side, expulsion from the benchmark can weigh on stock prices, as passive investors are forced to sell the shares and realign with the benchmark’s new composition
- Monday.com (MNDY) shares soar after the software company raised its full-year forecast for both revenue and adjusted operating profits. It also reported first-quarter results that beat expectations.

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