Intel forecasts fourth-quarter revenue above estimates, shares surge

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Intel forecasts fourth-quarter revenue above estimates, shares surge - Channel News Asia

Quick Summary:

Intel shares climbed more than 12 per cent in extended trading on Thursday after the chipmaker forecast current-quarter revenue above estimates and beat expectations for the third quarter.

Intel reported a massive net loss on Thursday, weighed down by impairment and restructuring charges.

However, Intel's share of the PC and server CPU market is consistently threatened by AMD, which now boasts a market valuation larger than that of Intel and is also the closest competitor to market leader Nvidia in AI graphics processors.