Reported about 17 hours ago
Intel's shares rose nearly 9% in premarket trading as the company reported better-than-expected quarterly profits, aided by aggressive cost-cutting measures and significant investments from Nvidia, SoftBank, and the U.S. government. This marks a critical turn for Intel, which faced its first annual loss in almost four decades last year. While demand for its chips is exceeding supply, concerns remain about production yields not meeting industry standards until 2027. Analysts suggest that while progress is visible, Intel's challenges are far from over.
Source: YAHOO