After the late 2022 launch of viral ChatGPT, powered by Nvidia GPUs, Gelsinger hoped Intel's AI chips could win new business.
But Intel, which suggested it would pull in $1 billion, even $2 billion on the back of AI in 2024, now says it won’t even ...
The AI chip maker will join the 30-company stock indexm which is seen as a bellwether for U.S. economic fortunes.
While many AI-oriented chip stocks like Nvidia are up a lot on the year, Intel finds itself down just over 50% for 2024. To add insult to injury, the stock was just kicked out of the Dow Jones ...
Intel’s revenue reached $35.9 billion YTD 2024, growing 6.2%, while operating margins rose to 27%, showing cost management ...
Intel CEO Pat Gelsinger weighs in on the company's relationship with TSMC, the status of CHIPS Act funding and the outlook ...
I assessed that the market's enthusiasm for the Jensen Huang-led company is justified, as AMD and Intel have not kept up the ...
Jim Cramer shared his insights on Monday regarding the recent changes in the Dow Jones Industrial Average. He emphasized the ...
Intel CEO addresses employee concerns on US election impact on CHIPS Act funding, emphasizing bipartisan support.
CRN has reached out to Nvidia and Intel for comment. Both chipmakers are based in Santa Clara, Calif. The news comes a day ...
Nvidia (NVDA) shares rose 1% in Monday morning trading as the AI chipmaker is set to join the Dow Jones Industrial Average, ...
Despite its ongoing troubles, Intel seems to think the current quarter will be a bright spot. It offered a forecast of 12 cents per share in earnings and $13.3 billion to $14.3 billion in revenue.