Analysts see hope in Intel's earnings but remain wary of structural issues
Publishing timestamp: 2023-07-28 13:12:30
Summary
Intel reported better-than-expected results for the second quarter, beating on top and bottom lines. Analysts praised the quarterly performance but expressed concerns about continued execution and pressure from shifting enterprise spend priorities. They also noted that GPU-heavy AI spending will likely benefit Intel's peers such as AMD and Nvidia more than Intel itself.
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Keywords: earnings, jpmorgan chase & co, pat gelsinger, deutsche bank ag, nvidia corp, breaking news, technology, business news, intel corp, citi trends inc, breaking news: technology,
Source: https://www.cnbc.com/2023/07/28/analysts-see-some-hope-in-intel-earnings-but-remain-wary.html