Intel Claims It's On Track To Catch Up By 2026 Despite A Lackluster Outlook [Yahoo! Finance]
NVIDIA Corporation (NVDA)
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Source: Yahoo! Finance
But, Intel remains confident of its ongoing revival and claims it is on track to catch up to its peers, including Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM ) and even the mightly AI chip leader Nvidia Corporation (NASDAQ: NVDA First Quarter Highlights For the March quarter, Intel reported revenue rose 9% YoY to $12.7 billion, slightly below $12.78 billion that LSEG expected. Intel narrowed its net loss from last year's comparable quarter when it lost $2.8 billion, or 66 cents per share to $400 million, or 9 cents per share. Adjusted earnings amounted to 18 cents, surpassing LSEG's estimate of 14 cents. This was Intel's first report since revealing it had established its chip manufacturing business, Intel Foundry, a separate line item with its own costs and sales. Intel Foundry posted a revenue of $4.4 billion, which Intel noted was a 10% YoY drop, while operating loss amounted to $2.5 billion. Client Computing sales, Intel's biggest business which is making
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