Reported 26 days ago
Intel reported a third quarter loss of $0.46 per share but exceeded revenue expectations with $13.28 billion. CEO Pat Gelsinger highlighted that the company’s guidance for Q4 revenue surpasses Wall Street predictions, largely aided by advancements in AI and key deals, particularly with Amazon Web Services. He expressed the importance of government funding from the CHIPS Act for expanding manufacturing in the U.S. and mentioned the need for quicker progress as the company navigates significant restructuring efforts.
Source: YAHOO