Latest / Bloomberg Intelligence
Instant Reaction: Intel Gives Strong AI-Fueled Outlook
Intel gave a strong sales forecast for the current period, signaling that the struggling chipmaker is finally beginning to benefit from the giant build-out of artificial intelligence infrastructure.
Revenue will be $13.8 billion to $14.8 billion in the quarter ending in June, the company said Thursday in a statement. Analysts, on average, estimated $13 billion, according to data compiled by Bloomberg. Earnings, excluding some items, will be about 20 cents a share, compared with a Wall Street prediction of 9 cents.
The upbeat outlook suggests that Chief Executive Officer Lip-Bu Tan is making…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.