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Intel stock surges to record highs. These 4 events have powered the company's turnaround. [Yahoo! Finance Canada]
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US:NASDAQ Investor Relations: ir.tesla.com
It's been a stunning turnaround for Intel, which was considered all but left for dead just a few months ago. “A year ago, the conversation about Intel was about whether we could survive,” CEO Lip-Bu Tan said in his earnings call remarks. “Today, it is about how quickly we can add manufacturing capacity and scale our supply to meet enormous demand for our products. This is a fundamentally different company today. And we still have a lot of work ahead,” he added. There's no one reason for Intel's rapid rise. Much of it is thanks to AI, but the company has also been succeeding on a handful of other fronts, as well. AI inference boosts CPU sales AI was supposed to be the death knell for CPUs, a less-powerful chip that powers computers and smartphones, but isn't suitable for the kinds of computing needs demanded by AI hyperscalers. At the onset of the AI explosion, it was clear that GPUs made by the likes of Nvidia ( ) were far better at training and running AI models, leaving CPU
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