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Intel beats expectations, reveals new foundry customers and traction in AI, sending its stock higher - SiliconANGLE

INTC earnings call for the period ending September 30, 2023.

Intel Corporation (NASDAQ:INTC) Q3 2023 Earnings Call Transcript October 26, 2023 Intel Corporation beats earnings expectations. Reported EPS is $0.41, expectations were $0.21. Operator: Thank you for standing by, and welcome to Intel Corporation’s Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there […]

Operator: Thank you for standing by, and welcome to Intel Corporation’s Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Driven by rising demand for chips in the pandemic era, semiconductor stocks have been one of the best-performing sectors over the past few years. The recent artificial intelligence (AI) boom propelled the need for semiconductors further, with chipmakers such as Nvidia Corp. (NASDAQ:NVDA) that cater to AI software becoming the biggest gainers. Intel Corp., which has long been the dominant chipmaker, has been restructuring its business to accommodate changing market dynamics. Intel has been laggin

Hold these stocks for long-term gains and dividends. These are blue-chip names that you should buy with your 2024 social security increase.

Troubled semi company to spin off programmable chip business as it tries to focus on processors.

Intel's business unit moves the last couple of years have been confusing, but it's finally sharpening its focus.

The company is freeing another major business as it tries to unlock shareholder value.