Intel Turnaround Optimism

2 days ago

Nora Melinda

"Well, let's dig into shares of Intel. We did see Intel hitting its highest level since August of last year now pairing up about 510 of a percent. But this of course after the company reported an upbeat revenue forecast. They're really citing demand for personal computers here. And we are seeing the company returning to profitability for the third quarter. So this is really sparking optimism for a turnaround story here."

The speaker highlights Intel's turnaround potential bolstered by an upbeat revenue forecast and a return to profitability in Q3, indicating growing optimism despite mixed Wall Street ratings.

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