Reported 1 day ago
Intel has exceeded profit expectations for the third quarter, largely due to CEO Lip-Bu Tan's cost-cutting strategies and significant investments from Nvidia and SoftBank. The company's stock rose 7% post-announcement, marking a recovery after a challenging year. Despite past struggles, including a substantial decrease in stock prices and competition from AMD and Nvidia, Intel has seen a nearly 90% stock increase in 2025. Positive guidance and strong demand for its chips in data centers reflect a turnaround, although manufacturing yield concerns persist.
Source: YAHOO