While the upbeat total revenue forecast pushed up Intel shares by about 5% in early trading on Friday, its stock remains more than 50% lower for the year as the chipmaker misses out on the AI boom and struggles with a turnaround. The Gaudi disappointment ...
Intel stock's improved outlook has mitigated recent selling intensity. Still, I argue why betting on the wrong horse (INTC) isn't wise, as the AI growth inflection takes center stage.
Intel's extensive presence in the enterprise will be an edge as it focuses its AI strategy on this segment. Learn why INTC stock is a Buy.
Intel is set to let several hundred employees go at three separate sites in Israel, with global layoffs set to top 15,000 over the next few months.
A new AMD blog post shows off Ryzen AI 9 HX 375's performance on LM Studio, a desktop app for hosting powerful LLMs locally. The Ryzen chip handily beats the Intel Core Ultra 7 258V in a bevy of performance tests.
Intel has been trashed by investors, but only trades at book value. New products led to improved revenue and profitability last quarter. Its ex-CEO wrote a positive op-ed saying the company's "unprecedented" turnaround remains on track. While many AI ...
Intel’s AI PC and server processor business and its Intel Foundry business are seeing wins that CEO Pat Gelsinger said will help take the company forward.
NEW YORK (AP) — Nvidia is replacing Intel on the Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor company that has fallen behind as Nvidia cornered the market for chips that run artificial intelligence systems.
In a bid to counter the rising influence of Arm in the PC and server processor markets, Intel and AMD have joined forces to establish the x86 Ecosystem Advisory Group. Announced at Lenovo's Tech World,
We will not achieve our target of $500 million in revenue for Gaudi in 2024,” CEO Pat Gelsinger just said on the company’s Q3 2024 earnings call today. Though Intel just launched its recent Gaudi 3 accelerator this past quarter,
Intel stock rises on a strong forecast but CEO Pat Gelsinger tells Barron’s that the company will miss its prior forecast for AI sales.