Tag Archives: intel

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...

CoinspeakerIntel Drops $5.4B Tower Acquisition Deal amid Growing Tension between US and China According to Intel Chief Executive Pat Gelsinger, all efforts to get the Tower deal approved by the regulators proved abortive. Intel Drops $5.4B Tower Acquisition Deal amid Growing Tension between US and China

CoinspeakerAmazon Reportedly Talking with Arm Ltd to Become Anchor Investor for Upcoming IPO Amazon is looking to anchor the IPO and has joined Nvidia, Apple, Intel, TSMC, and Samsung in official talks with Arm Ltd. Amazon Reportedly Talking with Arm Ltd to Become Anchor Investor for Upcoming IPO

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...

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...

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