Reported 2 days ago
Intel reported better-than-expected quarterly revenue, yet its outlook for the current quarter fell short as the company navigates challenging demand for data center chips and awaits a new CEO. While shares rose 3.8% post-results, concerns linger over Intel's competitive standing, especially against rivals like Nvidia, and its decision to halt a major GPU project. The interim leadership emphasizes a focus on future AI products and stability amid uncertainties regarding its long-term strategy.
Source: YAHOO