Intel to report Q1 earnings as Wall Street eyes AI and foundry growth

) will report its first quarter earnings results after the bell on Wednesday, with investors and analysts eyeing whether the recovery in the PC market and Intel’s AI investments are panning out for the chip giant.) with its new Gaudi 3 AI accelerator while hoping it can woo consumer and enterprise customers with its new AI PC lineup.

Intel is in the midst of transforming itself from a designer and manufacturer of its own chips to a manufacturer of chips for third-party clients. So far, the company has revealed Microsoft , the world's largest chip manufacturer. But there are doubts that the third-party foundry business will ever be a significant source of revenue.

AMD, Intel’s chief rival in the PC space, is also offering its own AI PC chips, while Nvidia says laptops running its chips are considered AI PCs as well. And on Wednesday,) claims its chips can outpace certain Intel Core Ultra and AMD chips in terms of performance and battery life. The company’s new processors will go on sale later this year.Toronto-Dominion Bank is one stock I reversed course on in a big way. The post TD Stock: Why I Reversed Course appeared first on The Motley Fool Canada.

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