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Intel Soars After an Earnings Blowout. Did This Legacy Tech Company Just Become Wall Street's Newest Artificial Intelligence (AI) Darling? [Globe and Mail, The (Toronto, Canada)]
Last intel corporation earnings: 4/23 04:07 pm
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US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
The company is seeing strong demand for central processing units, which have become critical for agentic artificial intelligence. After struggling in recent years, Wall Street seems to like the turnaround story. Over the past two years, Intel (NASDAQ: INTC) has been working on a turnaround that has started to shape up nicely, as the once legacy tech company transitions into the artificial intelligence sector. The company took another strong step in that direction last night, delivering blowout first-quarter earnings results that far exceeded Wall Street's expectations. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Intel reported adjusted earnings per share (EPS) of $0.29, well ahead of consensus estimates that suggested the company would barely break even in the quarter. Revenue of $13.58 billion beat c
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