Chipmaker Intel soars on signs of PC market recovery

- Intel rose nearly 8% on Friday and sparked a jump in chip stocks after its upbeat forecast signaled that the personal computer market was rebounding from its quarters-long slump.

Intel forecast fourth-quarter revenue and margins above Wall Street estimates on Thursday, after it reported a smaller-than-feared decline in the segment that houses its PC business for the July-September period. "The foundry business is slowing taking shape. The announcement of new customers is a clear positive that shows there is customer interest in what Intel brings to the table," Logan Purk, analyst at Edward Jones, said.

"There's a lot of interest in that. We're now supply constrained on Gaudi and racing to catch up to that," Gelsinger said.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Amazon, Intel earnings, Sam Bankman-Fried trial resumes: Yahoo Finance LiveTech giants Amazon (AMZN) and Intel (INTC) will both report their third quarter results today. In New York, the fraud trial of disgraced FTX founder Sam...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Intel issues upbeat forecast as Q3 earnings beatIntel (INTC) reported third quarter earnings that were better than expected. Adjusted earnings were $0.41 per share versus estimates of $0.21. Revenue was...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »