Intel CEO Lip-Bu Tan. Laure Andrillon/Reuters Intel forecast quarterly profit and revenue above estimates on Thursday, pushing its shares up 5.2% in after-hours trade and helping prompt the company to boost spending plans over the next two years as an AI data centre buildout increases demand for its CPUs. Intel expects third-quarter revenue between US$15.8-billion…
Intel reported better-than-expected second-quarter results on Thursday, notching its fastest revenue growth rate for any quarter since 2011 and issuing guidance that topped expectations. The stock rose about 4% in extended trading. Here’s how the chipmaker did versus LSEG consensus estimates Earnings per share: 42 cents, adjusted, versus 21 cents expected Revenue: $16.1 billion, versus…
WASHINGTON — President Donald Trump’s nominee for director of national intelligence, Jay Clayton, is likely to get a friendly reception from lawmakers Wednesday at his confirmation hearing as both parties are eager for him to take over from the current acting intelligence chief. Subscribe to read this story ad-free Get unlimited access to ad-free articles…
Intel is refusing to concede the handheld gaming sector, launching a aggressive counteroffensive despite the market disruption caused by yesterday’s Valve Steam Deck price hike. At Computex today, the silicon giant unveiled its brand-new Arc G-Series processor family, a specialized line of hardware engineered explicitly for portable gaming devices and built on the foundation of…
Following more than a year of intensive negotiations, Apple has reportedly reached a preliminary agreement with Intel to produce a portion of the silicon that powers its sprawling device ecosystem. According to The Wall Street Journal, this deal marks a significant turning point for both companies, though the exact scale of production remains undisclosed. Given…
For the first time in its history, Intel’s share price has crossed the US$100 mark. The stock closed on Friday at $99.61, giving the US chip maker a market capitalisation of $501-billion. For the better part of a decade, Intel had forgotten how to make good silicon. Its share price languished as a result. The…
Intel has announced a strategic partnership to help Elon Musk design and construct his ambitious Terafab in Austin, Texas. The facility is a joint venture between Musk’s various enterprises, including Tesla, SpaceX, and xAI, dedicated to manufacturing the specialized hardware required for large-scale AI projects. Read: Intel partners with Elon Musk to build Terafab AI…
Demand for Intel’s CPUs from firms offering AI services was so strong in the first quarter that it sold even chips it had originally written off, a remarkable turnaround that sent the company’s shares soaring on Friday. The stock surged more than 23.6% to US$82.54, surpassing its dot-com-era peak in 2000 and taking the company’s…
Intel shares skyrocketed more than 23.6% on Friday, closing at $82.54 and finally eclipsed the company’s long-standing peak from the year 2000. This historic rally pushed Intel’s market value above $416 billion, signalling a massive vote of investor confidence in the turnaround led by CEO Lip-Bu Tan. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday:…
The Intel logo is displayed in front of Intel headquarters in Santa Clara, California, Jan. 22, 2026. Justin Sullivan | Getty Images Intel shares soared 24% on Friday, their best performance since October 1987, as investors cheered signs of renewed growth due to mounting artificial intelligence demand. The stock closed at $82.57 and is now…
