Intel Beats Expectations with Strong Q3 Earnings, Upbeat Q4 Outlook
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Intel reported better-than-expected Q3 earnings and gave a strong Q4 revenue outlook.
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CEO Pat Gelsinger expressed optimism about CPU demand despite growth in AI accelerators.
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Intel now has 3 customers committed to its 18A foundry process technology.
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There was an unexpected surge in AI customer interest in Intel's advanced packaging technology.
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Intel shares popped nearly 8% after earnings on strong profit margins and revenue that topped expectations.