News Formal

Chipmaker Intel soars on signs of PC market recovery

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Explore stories from Atlantic Canada.

SaltWire's Atlantic regional weather forecast for October 27, 2023 | SaltWire - 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chipmaker Intel soars on signs of PC market recoveryIntel 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...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »