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Intel Corp. (INTC) Soars to All-Time High as Revenues Climb on AI Demand [Yahoo! Finance]
Last intel corporation earnings: 4/23 04:07 pm
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US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Intel climbed to a new all-time high on Friday, as investors gobbled up shares after reporting robust revenues in the first quarter of the year. At the intra-day session, the stock surged to its highest price of $85.22 before trimming gains to finish the day just up by 23.60 percent at $82.54 apiece. Intel Corp.'s headquarters, the Robert Noyce Building in Santa Clara, California. Photo from Intel Corp website In an updated report, Intel Corp. (NASDAQ:INTC) said that it was able to grow its revenues by 7 percent to $13.6 billion from $12.7 billion in the same period last year, on the back of growing demand for CPUs in the artificial intelligence era, coupled with unprecedented demand for silicon products. However, it remained at an attributable net loss of $3.7 billion versus $800 million in the same period last year. Further buoying sentiment was the company's upbeat outlook for its business, with CEO Lip-Bu Tan saying that the next wave of AI will significantly increase the
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- TSX ends week slightly lower, while tech buoys U.S. markets [Advisor.ca (Canada)][Advisor.ca]
- S&P 500, Nasdaq end at records as Intel shares surge [Yahoo! Finance][Yahoo! Finance]
- S&P/TSX composite ends week slightly lower, while tech buoys U.S. markets [Investment Executive - News][Investment Executive - News]
- Software, semis, & BofA's 'perfect portfolio': Charts of the Day [Yahoo! Finance][Yahoo! Finance]
- Intel (INTC) was upgraded by DZ Bank AG from "sell" to "neutral".[MarketBeat]
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