Intel guidance, foundry comments 'clearly a positive,' but company still at risk: Citi

Investment firm Citi believes that Intel's prepayment for its foundry business is a positive development, but they still recommend that Intel exit the foundry business due to limited chances of success; meanwhile, Intel's CEO Pat Gelsinger announced a prepayment from an unidentified customer for their upcoming technology node.

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8/31/2023

Intel to Accelerate Arizona Fab Build Out After Getting Large Customer Order

Intel shares are rising as CEO Pat Gelsinger announced that third-quarter financial results are surpassing the company's guidance range, prompting an acceleration of the Arizona fab build-out after receiving a large customer order.

8/31/2023

Why Intel Stock Topped the Market on Thursday

Intel's stock rose nearly 2% after CEO Pat Gelsinger expressed optimism about the company's current quarter and announced the launch of a new data center chip.

9/4/2023

Intel Is Betting Artificial Intelligence Will Escape the Cloud

Intel CEO Pat Gelsinger believes that AI will extend beyond data centers and wants to put AI into everything, including PC CPUs, to bring AI processing closer to end users and enable real-time applications without relying on the cloud. Intel is positioning itself to tap into the growing demand for AI hardware and software across various sectors.