Intel, stock
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Intel shares eclipse dot-com peak
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Why Intel Stock Skyrocketed Today
The venerable chipmaker is finding its way in an AI-driven world.
By Aditya Soni and Rashika Singh April 24 (Reuters) - Demand for Intel's central processors from firms offering AI services was so strong in the first quarter that it sold even chips it had originally written off,
Intel shares were up sharply in premarket trading Friday after the chip maker reported strong first-quarter results.
Intel reported strong adjusted earnings per share, revenue, and forward guidance in its first-quarter earnings report.
The chipmaker’s shares, in the midst of a yearslong turnaround, matched a 26-year high earlier this month.
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Here's how much the US government has made on its Intel investment after the latest big stock rally
The government, which took a nearly 10% stake in Intel last August, has seen gains on paper of $27 billion following the big post-earnings rally.
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Something rare happened on Intel (NASDAQ:INTC)’s earnings call. CEO Lip-Bu Tan effectively told investors that Elon Musk will teach Intel more about running a chip business than Intel will teach Musk.
Just two years ago, Intel’s survival was an “existential question.” Now the company is seeing new life.