Intel Optimistic on Future Revenues

This is a news story, published by Yahoo Finance, that relates primarily to Intel news.

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Intel finance chief David Zinsner

Reuters

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Intel rises on recovery hopes as it forecasts revenue above estimates

Summary

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78% Informative

Intel forecast current-quarter revenue above estimates but warning that it had "a lot of work to do" The chipmaker's shares jumped more than 7% in extended trading, paring back gains shortly after it published its results.

The company has largely missed out on a boom in investments in speedy, advanced AI chips for data centers.

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formal

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English

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