Intel profitable again: How Trump's bet paid off; stock up 50%
Chip giant Intel has returned to profit after six quarters of losses. The company reported strong revenue in the third quarter, driven by high demand for its chips. This positive performance follows a significant investment from the US government. Intel expects this robust demand to continue through 2026. The company's client computing segment, which includes PC and laptop chips, saw a 5% year-over-year increase. Artificial intelligence is seen as a key driver for future growth.
Chip giant Intel has returned to profit after six quarters of losses. The company reported strong revenue in the third quarter, driven by high demand for its chips. This positive performance follows a significant investment from the US government. Intel expects this robust demand to continue through 2026. The company's client computing segment, which includes PC and laptop chips, saw a 5% year-over-year increase. Artificial intelligence is seen as a key driver for future growth.
