Tag: SoftBank Group

BusinessSemiconductorsTechnology

Intel Stock Surges Following Strong Q3 Results and Upbeat Forecast

Intel’s stock jumped following a positive earnings report that exceeded Wall Street expectations. The chipmaker reported $13.7 billion in Q3 revenue and provided encouraging guidance for the current quarter amid its costly US manufacturing expansion.

Strong Quarterly Performance

Intel shares reportedly jumped approximately 5% in after-hours trading following the company’s third-quarter earnings release, according to financial reports. The chipmaker posted revenue of $13.7 billion, representing a 3% year-over-year increase and beating Wall Street expectations of $13.1 billion, sources indicate.

by Mason Drayton
BusinessSemiconductorsTechnology

Intel’s Q3 Results to Reveal Impact of Major Investments Amid Financial Strain

Intel’s upcoming quarterly report is set to unveil whether high-profile investments have eased its financial pressures. Analysts are closely watching for strategic clarity amid ongoing market challenges.

Investment Influx and Financial Expectations

Intel’s third-quarter results, due on Thursday, will reportedly demonstrate if a series of major investments have provided the necessary support for its strained finances. According to sources, the chipmaker secured multi-billion-dollar commitments from Nvidia and SoftBank, alongside an unprecedented stake by the U.S. government during the September quarter. These developments have contributed to Intel’s shares nearly doubling in value this year, outpacing gains by AI leader Nvidia. However, analysts suggest the company faces a high bar, with LSEG data indicating an anticipated 1% drop in quarterly sales to $13.14 billion.

by Leo Renshaw