Intel to report Q3 earnings as chip stocks continue to rebound
FROM THE WIRE · FINANCE.YAHOO.COM
Computer processor maker Intel (INTC) will report its third-quarter earnings after the bell Thursday, as chip stocks continue to recover from an AI-driven rout over the last month. Intel shares fell more than 20% over the last month, while Micron (MU) and AMD (AMD) have dropped…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishIntel's quarterly report and the chip rebound after the AI-driven rout matter for the semiconductor sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Intel will report third-quarter earnings after the bell Thursday.
- 02Consensus expects EPS of $0.40 on revenue of $16.5 billion.
- 03Intel shares fell more than 20% over the last month, while Micron and AMD dropped roughly 10%.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Intel Corp.95.53 USDMarket closedtoday +1.91%Neutral Micron Technology, Inc.983.23 USDMarket closedtoday +5.86%Positive Advanced Micro Devices, Inc.578.44 USDMarket closedtoday +3.24%Positive PHLX Semiconductor Index11,684.00Market closedtoday +1.75%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets