Intel Corp (INTC)

[behappyalways]

Intel Slides After Nvidia Halts Tests Of 18A Tech, White House Signals Chip Giant Not "Too Strategic To Fail"
https://www.zerohedge.com/markets/how-l ... gest-break

[winston]

not vested

<Results>Intel Reports Widened 4FQ Loss, Weak 1Q Earnings Forecast; Shrs Dive ~7% After Hrs

Intel (INTC.US) +0.070 (+0.129%) announced after the market close on Thursday that its net loss for the fourth fiscal quarter widened to USD600 million, with a diluted LPS of USD0.12.

The adjusted EPS was USD0.15, exceeding the expected USD0.08.

Revenue fell by 4% YoY to USD13.7 billion, surpassing the expected USD13.4 billion.

Following the earnings announcement, the stock's price plummeted nearly 7% in after-hours trading.

During the period, revenue from the chip foundry business mounted by 4% YoY to USD4.5 billion, while total product revenue faded by 1% to USD12.9 billion.

The data center and artificial intelligence business grew by 9% to USD4.7 billion.

Intel forecast that first fiscal quarter revenue will range from USD11.7 billion to USD12.7 billion, with adjusted EPS expected to break even, which is below the market expectation of an EPS of USD0.5 and revenue of USD12.51 billion.

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

not vested

Intel forecasts second-quarter revenue above estimates, shares jump 15%

Booming demand for the company’s server processors used for artificial intelligence in data centers.

A new opportunity in the form of advanced central processing units (CPUs) has emerged as cloud providers shift from training models to deploying them.

While graphic processing units (GPUs) are used to process large-scale mathematical operations required to generate content, CPUs are better suited to handle workloads done by autonomous AI agents with reasoning capabilities.

Securing Elon Musk’s Tesla as its first major customer for the next-generation 14A process to make chips at its Terafab project, an advanced AI chip complex Musk has envisioned in Austin, Texas.

Intel earlier this month expanded its AI CPU partnership with Alphabet’s Google, and joined Musk’s Terafab AI chip complex project with SpaceX and Tesla to make processors powering robotics and data centers.

Intel reported a first-quarter loss per share of 73 cents as it incurred more than US$4 billion in restructuring charges. On an adjusted basis, the company earned 29 cents per share, beating the estimate of 1 cent.

Source: Business Times

https://www.businesstimes.com.sg/compan ... es-jump-15