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Intel shares jump 9% on earnings beat, uplifting guidance
  + stars: | 2024-10-31 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
Intel shares rose 9% in extended trading on Thursday after the chipmaker reported better-than-expected earnings and issued quarterly guidance that topped estimates. Intel called for fiscal third-quarter adjusted earnings of 12 cents per share and revenue between $13.3 billion and $14.3 billion. Analysts had expected 8 cents in adjusted earnings per share and $13.66 billion in revenue. During the quarter, Intel announced the launch of Xeon 6 server processors and Gaudi artificial intelligence accelerators. As of Thursday's close, Intel shares were down about 57% in 2024, while the S&P 500 index had gained 20%.
Persons: Pat Gelsinger, Dave Zinsner, Gaudi, Harvest's Paul Meeks Organizations: Intel, CNBC, Qualcomm, Computing, StreetAccount, Revenue, Data Center Locations: Taipei, Taiwan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWaymo will lead autonomous driving, not Tesla: Harvest's Paul MeeksPaul Meeks, Harvest Portfolio Management CIO, joins 'Squawk Box' to preview Alphabet quarterly earnings results after the bell today, what to expect from the tech giant, his thoughts on Tesla, and more.
Persons: Harvest's Paul Meeks Paul Meeks, Tesla
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailQualcomm buying Intel would be a 'horrible decision,' says Harvest's Paul MeeksPaul Meeks, Harvest Portfolio Management CIO, joins 'Money Movers' to discuss how the future of AI will impact the markets, a potential Qualcomm takeover of Intel, and more.
Persons: Harvest's Paul Meeks Paul Meeks Organizations: Qualcomm, Intel
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia's about as cheap as it gets today, says Harvest's Paul MeeksPaul Meeks, Harvest Portfolio Management co-CIO, joins Money Movers to discuss whether the tech sector is a buying opportunity, whether recent multiple deterioration is important to Meeks, and much more.
Persons: Harvest's Paul Meeks Paul Meeks, Meeks Organizations: Management, Movers
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