Intel's quarterly revenue tops expectations as investors await new CEO
Intel on Thursday posted December-quarter results that beat analysts' low expectations, while its forecast for current-quarter revenue missed estimates as the chipmaker grapples with tepid demand for its data center chips and as investors wait for a new CEO.
Intel forecasts first-quarter revenue below estimates
As the chipmaker undergoes a historic transition and attempts to emerge from one of its bleakest periods, it has also struggled to cash in on a boom in investment in advanced AI chips - a market led by Nvidia.
Intel’s CEO Search Continues as Revenue Drops
After its worst annual performance in decades, the chipmaker faces investor questions about its strategy and leadership.
Intel's CEO search in focus as chipmaker set to post lower revenue
Intel will face investor scrutiny on its CEO search when it reports quarterly results on Thursday, as the chipmaker stares at another big decline in revenue due to weak PC sales and its shrinking share in the datacenter market.
Intel's revenue forecast disappoints as investors await new CEO
As the chipmaker undergoes a historic transition and attempts to emerge from one of its bleakest periods, it has also struggled to cash in on a boom in investment in advanced AI chips - a market led by Nvidia.
Intel, still without a permanent CEO, says sales will keep falling
Coming off one of the most difficult years in its history, Intel said it expects sales will fall by more than 6% in the first part of 2025. The company blamed an uncertain global economy, growing competition and weak demand from its core customers for its difficult outlook.
Intel tops Q4 estimates, but outlook falls short as CEO search continues
Intel (NASDAQ:INTC) topped estimates when it reported its fourth quarter 2024 results on Thursday, and the company also revealed updates regarding its Foundry goals. Shares inched up during early post-market trading.
Watch out Nvidia, a Linux leak revealing three new Intel Arc Battlemage GPUs may challenge the RTX 5000 series
Nvidia's RTX 5000 series could see some competition as a Linux leak may have revealed three new Intel Arc Battlemage GPUs.
Former Intel CEO Buys Nvidia Stock, Calls DeepSeek AI a Market Expansion Catalyst
Former Intel CEO Pat Gelsinger buys Nvidia shares, calling DeepSeek's AI breakthrough a market expansion opportunity, not a ...
Lawmakers urge Trump to consider new curbs on Nvidia chips used by China's Deepseek
Two U.S. Congress members are calling on President Donald Trump's administration to consider restricting the export of ...
Former Intel CEO buys Nvidia shares on DeepSeek news
Former Intel CEO Pat Gelsinger has gone further on his DeepSeek commentary, saying in a post on LinkedIn that he has ...
Former Intel CEO Buys the AI Dip--Says Nvidia Panic Is Dead Wrong
DeepSeek's $6M AI breakthrough sent shockwaves through the market, but Gelsinger says investors are getting it all wrong.
DeepSeek Could Boost Intel Stock
The industry expects the resource-light new model could usher in a wave of more efficient AI models, hurting demand for AI ...
Maingear unveils Nvidia GeForce RTX 50 series desktop gaming PCs and workstations
Maingear unveiled its custom-configurable Nvidia GeForce RTX 50 Series gaming desktops, featuring the RTX 5080 and RTX 5090 GPUs.
Former Intel CEO Pat Gelsinger is already using DeepSeek instead of OpenAI at his startup, Gloo
The tech industry's reaction to AI model DeepSeek R1 has been wild. Pat Gelsinger, for instance, is elated and thinks it will ...