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The chipmaker was set to increase its market value by more than $10 billion, if gains hold. Other chip firms such as AMD , Nvidia and Arm rose 1% to 2%.
A survey of North American equities heading in both directions
Intel rose more than 9% on Friday and sparked a jump in chip stocks after its upbeat forecast signaled that the personal computer market was rebounding from its quarters-long slump. Other chip firms such as AMD, Nvidia and Arm rose 1% to 2%. Under CEO Pat Gelsinger, Intel is trying to turn around its business by making heavy infrastructure investments that the firm hopes will give it an edge in chipmaking and allow it to compete with the likes of Taiwan's TSMC for foundry clients.
Intel has caused Wall Street some anguish in recent years. The good news heading into Thursday's earnings is that the company likely is in a better place.
Texas Instruments Incorporated (NASDAQ:TXN) Q3 2023 Earnings Call Transcript October 24, 2023 Texas Instruments Incorporated beats earnings expectations. Reported EPS is $1.85, expectations were $1.82. Dave Pahl: Welcome to the Texas Instruments Third Quarter 2023 Earnings Conference Call. I’m Dave Pahl, Head of Investor Relations, and I’m joined by our Chief Financial Officer Rafael Lizardi. […]