Intel forecasts fourth-quarter revenue above estimates, shares surge

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:Intel shares climbed more than 12 per cent in extended trading on Thursday after the chipmaker forecast current-quarter revenue above estimates and beat expectations for the third quarter. Intel reported a massive net loss on Thursday, weighed down by impairment and restructuring charges. The company has largely missed out on a boom in investments in speedy, advanced AI chips for data centers as businesses double down on adopting generative AI technology - a market dominated by Nvidia,

Intel forecasts fourth-quarter revenue above estimates, shares surge https://www.channelnewsasia.com - 31.10.2024 22:50
Intel forecasts fourth-quarter revenue above estimates, shares surge https://www.channelnewsasia.com/ - 31.10.2024 22:39

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Intel forecasts fourth-quarter revenue above estimates, shares surge https://www.channelnewsasia.com - 31.10.2024 22:50
Intel forecasts fourth-quarter revenue above estimates, shares surge https://www.channelnewsasia.com/ - 31.10.2024 22:39