Intel Reports Earnings Today. The PC Chip Business Might Be Improving. — Barrons.com
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Intel is expected to report better-than-expected earnings for Q3, with revenue estimates at $13.2 billion and adjusted EPS of two cents. Analysts predict improvements in the PC chip business, driven by server strength and customer upgrades. The company is also set to begin high-volume production of its Panther Lake processors. Intel has raised capital through partnerships, including a $5 billion investment from Nvidia and an $8.9 billion investment from the U.S. government. The stock has risen 82% this year, outperforming the semiconductor ETF.
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