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.
We recently published a list of Coatue’s 35 Most Important AI Stocks. In this article, we are going to take a look at where Intel Corporation (NASDAQ:INTC) stands against Coatue’s other most important AI stocks.
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.
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.
AI inference has long been a focus area for former Intel CEO Pat Gelsinger; that interest continues in his post-Intel investment in AI startup Fractile.
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."
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