Saturday , April 20 2024
Home / Tag Archives: intel

Tag Archives: intel

Intel Unveils New AI Chips to Rival Nvidia’s Dominance in AI Industry, INTC Stock Up 1%

Dubbed Gaudi3, Intel intends to attract generative AI companies like OpenAI away from Nvidia and bolster its stock market performance. Intel Corp (NASDAQ: INTC) stock closed Thursday trading at $45.18, up 1.37 percent from the day’s opening price. Although Intel has been on a winning streak since the calendar flipped in January, the company is not satisfied with the performance as its rival Nvidia Corp (NASDAQ: NVDA) has more than tripled its valuation year-to-date. As a result, Intel has...

Read More »

SMIC Sustains 20.6% YoY Revenue Fall in Q1 2023 to Record First Income Deficit in Three Years

Chinese chip powerhouse SMIC saw Q1 revenue fall to $1.46 billion as it continues to withstand chip shortages and US trade sanctions.  Semiconductor Manufacturing International Corporation (SMIC) has seen its revenue fall according to its latest quarterly figures. On Friday, the Chinese chipmaking giant posted revenue of $1.46 billion for Q1 2023 amid challenging macroeconomic parameters. In addition to being down 20.6% year-on-year (YoY), SMIC’s latest revenue haul represents the first...

Read More »

Intel Sees Largest Quarterly Loss in Q1 2023, Revenue Down 36% YoY

According to the report, the company experienced a 133% annual reduction in its earnings per share for the quarter. Intel Corporation (NASDAQ: INTC) reported its largest quarterly loss in its Q1 2023 financial results. The company’s shares initially rose on the report, after which it fluctuated in extended trading sessions. At premarket trading, Intel is up 3.95% to $31.04 after closing up 2.79%. The semiconductor chip maker has recorded both gains and declines over the past year. It has...

Read More »