Intel lost a mere $126 million quarterly, on $14.3 billion in revenue.
Intel is effectively killing Falcon Shores, its next-generation GPU for high-performance computing and AI workloads.
Retired Intel CEO Pat Gelsinger said "the markets are getting it wrong" Monday after investors triggered a sell-off in response to China's DeepSeek.
Intel (INTC) announced its fourth quarter earnings on Thursday, beating estimates on the top and bottom lines but falling short on Q1 guidance. Still, the company said its nascent foundry business is expected to produce meaningful external revenue by 2027.
The DeepSeek technology has the potential of bringing more people into world of AI and expanding the transformative power of AI to a broader audience.
The company reported earnings before certain costs such as stock compensation of 13 cents per share, squeezing past Wall Street’s consensus estimate of 12 cents per share. Revenue for the quarter came to $14.26 billion, up 7% from a year ago and ahead of the Street’s target of $13.81 billion.
Intel on Thursday posted December-quarter results that beat analysts' low expectations, while its forecast for current-quarter revenue missed estimates as the chipmaker grapples with tepid demand for its data center chips and as investors wait for a new CEO.
India’s IT minister announced the country’s goal to launch competitive foundational AI models with a new compute facility housing 18,693 GPUs. This initiative aims to lower training costs significantly,
Intel reported non-GAAP earnings per share (EPS) of $0.13, exceeding analysts' estimates of $0.1. The company also reported revenue of $14.3 billion, surpassing the forecast of $13.8 billion.
Intel Corporation's Q4 earnings highlight sequential improvement and potential for growth under a new CEO. Click here to find out why INTC stock is a Buy.
Holthaus also revealed that Intel plans to use Falcon Shores as an internal test chip, not launching it in the market. This move is part of the company's strategy to streamline its roadmap and optimize resources. "AI data center...is an attractive market for us," Holthaus said during the call. "But I am not happy with where we are today."