Intel stock rises sharply after new earnings report
Intel reported first-quarter revenue of nearly $13.6 billion, a 7.2 percent increase from the previous year. Despite a $4.3 billion loss caused by rising operating costs—with “restructuring and other costs” jumping to $4.1 billion—investors reacted positively, and shares rose approximately 15 percent in after-hours trading. While Intel has recently struggled against competitors like Nvidia and […]