Intel forecasts fourth-quarter revenue above estimates, shares surge

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.

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Article Details

Category: EconomyBusiness

Markets: SingaporeTaiwan

Topics: Cent Market Company Expectations Intel Revenue Chips Billion Reported 2024 Quarter

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 04:01:40 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 558 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23357425

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 12 minutes ago

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