Intel Makes a Comeback with Gov Investment and Profitability Return

2 days ago

Tom Keane

"We are at ticker INTC. It shares have been up as much as 7%. So, it's making some progress on this comeback. It's had a really tough year. Um, there were concerns over whether Intel can manufacture products that pull in customers again. So, the good news, it returned to profitability, gave an upbeat revenue forecast. Uh, fourth quarter sales, they're roughly 13.3 billion, just below Wall Street's estimates, but some analysts still including revenue from a unit that Intel just spun off. Uh, money that wasn't part of the company's forecast. But this all this good news though it comes after Intel secured an investment from the go US government that we know about who won backing from companies like Nvidia and Soft Bank. So investors really like those deals and they send Intel shares up 90% this year."

The transcript highlights Intel (INTC) showing signs of recovery, noting a recent 7% share increase, return to profitability, and a positive revenue forecast despite a challenging year. The government-backed investment is seen as a catalyst for renewed investor confidence, contributing to a strong rally with shares up 90% year-to-date.

Related Stocks