Intel forecasts fourth-quarter revenue above estimates, shares surge
Business
: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,
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