Intel Rebound and Comeback Commentary

2 days ago

Valerie Titel

"Intel shares in the green up nearly 8% on the back of earnings, which showed that they have returned to profitability. They also gave an encouraging forecast after seeing the PC market rebounding. It is suggesting that this chipmaker is making progress in a long and challenging comeback attempt. Now, it seems like it is on the right track, but it's also been on the right track ever since that US government uh stake had made it one of the worst performing chip stocks into one of the best. Intel shares are up some 90% year to date and possibly today we can make that 100% with this pre-market move of Intel up 7.9%."

The commentary highlights Intel's earnings success and turnaround, noting a significant rally and a positive forecast which emphasizes its comeback after past underperformance.

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