Reported 1 day ago
Intel's stock soared by 7% after the company reported third-quarter earnings exceeding Wall Street expectations, with revenue of $13.7 billion and adjusted earnings per share of $0.23. The surge in demand for AI capabilities contributed significantly to the performance despite a projected lower revenue for the fourth quarter. However, challenges remain, particularly in its manufacturing segment, which reported a significant operational loss, indicating a cautious outlook for future growth.
Source: YAHOO