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☆ Japan's Kioxia reports Q2 loss, says prices have bottomed out
▼ + stars: | 2023-11-14 | by ( Sam Nussey | ) www.reuters.com time to read: +2 min

The result at Bain Capital-backed Kioxia, formerly Toshiba Memory, compares with a loss of 130.8 billion yen three months earlier. Merger talks between Kioxia and Western Digital (WDC.O) have stalled, Reuters reported previously, after Kioxia investor SK Hynix (000660.KS) said it did not back the deal. Selling prices have bottomed out, Kioxia said, pointing to expected higher shipments of smartphones and PCs next year. Revenue fell quarter-on-quarter with Kioxia saying the smaller loss was because of higher average selling prices with a boost from the weaker yen. Separately, Toshiba (6502.T), which holds a stake in Kioxia after selling its chip unit to the Bain-led consortium in 2018, posted a 26.7 billion yen net loss in the second quarter.

Persons: Kioxia, Bain, Sam Nussey, Tom Hogue Organizations: Taipei, REUTERS, Rights, Bain Capital, Toshiba, Western, Reuters, SK Hynix, Samsung Electronics, Revenue, Japan Industrial Partners, Thomson Locations: Taipei, Taiwan, Kioxia, KS

☆ Monday's analyst calls: PC stock upgrade, Jefferies sees steady growth for consumer giant
▼ + stars: | 2023-11-13 | by ( Fred Imbert | ) www.cnbc.com time to read: +5 min

Jefferies initiated Colgate-Palmolive with a buy rating, citing a stabilization in market share loss. The firm initiated coverage of DevOps stock on Monday with a buy rating and a $56 per share price target. "In short, we think GTLB is well positioned to gain share with its platform offering in a rapidly growing ~$40B DevSecOps target market," analyst Gray Powell said. The firm initiated coverage of the consumer giant with a buy rating and a $87 per share price target in a Sunday note. Analyst Kaumil Gajrawala said the company's market share losses from the height of the pandemic have stabilized, allowing Colgate-Palmolive to enter a period of steady growth.

Persons: Jefferies, Edward Jones, Oracle Edward Jones, Oracle's, Logan Purk, Purk, Brian Evans, Gray Powell, — Brian Evans, Bernstein, TripAdvisor, Richard Clarke, Asiya Merchant, Kaumil Gajrawala, Gajrawala Organizations: CNBC, Colgate, Palmolive, Citi, HP Inc, Oracle, Google, Amazon Web Services, Jefferies, ~$

☆ Here are Monday's biggest analyst calls: Apple, Amazon, Oracle, Eli Lilly, Airbnb, Meta, Southwest & more
▼ + stars: | 2023-11-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Jefferies initiates PepsiCo as buy Jefferies called PepsiCo a defensive stock. " Jefferies initiates Procter & Gamble as buy Jefferies said in its initiation of the stock that it's a top and bottom line growth leader. Jefferies initiates Colgate-Palmolive as buy Jefferies said it sees a "reinvigorated" brand lineup for Colgate. Citi reiterates Amazon and Meta as buy Citi said it's bullish on the partnership between Amazon and Meta. Citi reiterates Eli Lilly as buy Citi said it's standing by its buy rating on the stock.

Persons: Piper Sandler, Stifel, CrowdStrike, KBW, it's, Bernstein, buybacks, Airbnb, BTIG, Raymond James, Natera, Hewlett Packard, Jefferies, Colgate, Morgan Stanley, Edward Jones, Olin, it's bullish, Truist, Citi, Eli Lilly, Lilly, Melius Organizations: UBS, Barclays, Apple, Piper, Capital Holdings, Guardant, Citi, Hewlett, PepsiCo, Pepsi, Procter, Gamble, G, Constellation Brands, Constellation, Colgate, Palmolive, Mirum Pharmaceuticals, Oracle, North America, Amazon, Social Commerce, ~$

☆ Huge crowds expected for London pro-Palestinian rally, police gear for trouble
▼ + stars: | 2023-11-11 | by ( Michael Holden | ) www.reuters.com time to read: +4 min

Demonstrators protest in solidarity with Palestinians in Gaza, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in London, Britain, October 21, 2023. "I do believe if the groups come together, there will be serious disorder," said Deputy Assistant Commissioner Laurence Taylor, the officer in charge. "The policing operation this weekend is huge," he told reporters, saying it would be "challenging and tense". There has been strong support and sympathy for Israel from Western governments, including Britain's, and many citizens over the Hamas attacks. But the Israeli response has also prompted anger, with weekly protests in London demanding a ceasefire.

Persons: Hannah McKay, Rishi Sunak, Laurence Taylor, Ben Jamal, Suella Braverman, Sunak, Stephen Yaxley, Lennon, Tommy Robinson, Taylor, I've, Michael Holden, Ed Osmond Organizations: Hamas, REUTERS, Police, Palestine Solidarity, U.S, Reuters, PSC, English Defence League, Thomson Locations: Gaza, Israel, Palestinian, London, Britain, Palestine, Western, Sunak's

☆ Huge Crowds Expected for London Pro-Palestinian Rally, Police Gear for Trouble
▼ + stars: | 2023-11-10 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +4 min

"I do believe if the groups come together, there will be serious disorder," said Deputy Assistant Commissioner Laurence Taylor, the officer in charge. "The policing operation this weekend is huge," he told reporters, saying it would be "challenging and tense". There has been strong support and sympathy for Israel from Western governments, including Britain's, and many citizens over the Hamas attacks. But the Israeli response has also prompted anger, with weekly protests in London demanding a ceasefire. Lawmakers have voiced concern that far-right groups will seek to use the occasion as an excuse for violence.

Persons: Michael Holden LONDON, Rishi Sunak, Laurence Taylor, Ben Jamal, Suella Braverman, Sunak, Stephen Yaxley, Lennon, Tommy Robinson, Taylor, I've, Michael Holden, Ed Osmond Organizations: Police, Palestine Solidarity, U.S, Reuters, PSC, Hamas, English Defence League Locations: London, Palestine, Israel, Western, Sunak's, Britain

☆ How Arm is gaining chip dominance with its architecture in Apple, Nvidia, AMD, Amazon, Qualcomm and more
▼ + stars: | 2023-11-09 | by ( Katie Tarasov | ) www.cnbc.com time to read: +8 min

Arm's big break came in 1993, when Apple launched its early handheld Newton device on the Arm610 processor. Arm's big break came in 1993 when Apple released its handheld Newton device on the Arm610 processor. Apple moved to its own Arm-based processors in Mac computers in 2020, breaking away from the Intel x86 processors that had powered them for 15 years. Qualcomm is another major customer making its latest PC processors using Arm, although that relationship is strained. This simplification is also making Arm the choice for non-chip companies like Apple, Amazon, Google and Microsoft designing their own custom silicon.

Persons: Haas, Richard Grisenthwaite, I've, Grisenthwaite, Japan's SoftBank, Grace Hopper Superchip, Grace Hopper, they're, Cash, SoftBank, Softbank, Rene Haas, CNBC's Katie Tarasov, Katie Brigham Arm, It's, Daniel Newman, Newman, O'Donnell, Apple, Nuvia, Arm's Grisenthwaite, They've, " O'Donnell, Max Thurlow Organizations: Apple, Acorn Computers, Texas, Nokia, Nvidia, Google, Samsung, Qualcomm, Futurum, Intel, Amazon, AMD, Cruise, Microsoft, Arm Holdings Locations: Cambridge, NXP, U.S, Arizona , California, North Carolina, Texas, Norway, Sweden, France, India, San Jose , California, IoT, England, China

☆ Arm CEO talks company's future beyond smartphones after first quarterly report since IPO
▼ + stars: | 2023-11-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Rene Haas, CEO of semiconductor company Arm, told CNBC's Jim Cramer on Wednesday that the company has moved beyond its beginnings, where it was primarily known for designing technology used in smartphones. Arm designs graphics chips and licenses them to companies, collecting royalties to earn much of its revenue. Haas said 70% of the world's population touches Arm in some way, with its technology present in many widely-used devices including electric cars, digital TVs and smart locks. On Wednesday, the chip designer released its first quarterly report since its IPO, reporting revenue that beat Wall Street's expectations. "The experience you get on these PCs — great performance, low battery life — again, that's what we're really good at," he said.

Persons: Rene Haas, CNBC's Jim Cramer, Haas, — Organizations: Apple, Google, Amazon Web Services

☆ Arm reports first post-IPO earnings and the stock is down 7%
▼ + stars: | 2023-11-08 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Arm CEO Rene Haas cheers as Arm holds an initial public offering at the Nasdaq MarketSite in New York on Sept. 14, 2023. Arm reported a net loss of $110 million, or 11 cents per share. It also sells licenses to more complete chip designs, saving chipmakers time and effort, which are recorded as licensing revenue. But Arm licensing sales were $388 million, up 106% from the same period last year. Arm said that firms including Google , Meta and Nvidia were developing artificial intelligence-capable chips with its technology.

Persons: Rene Haas, LSEG Organizations: Nasdaq, Semiconductor, SoftBank, Nvidia, Google, CNBC PRO Locations: New York, That's

☆ Auto Chip Makers Try to Avoid a Pileup
▼ + stars: | 2023-11-07 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Semiconductor sales to the auto industry jumped 16% in 2022. The industry has been mired in a historic slump for more than a year now. The Semiconductor Industry Association, or SIA, reported last week that global chip sales in September fell 4.5% from the same period last year. That made for the 14th straight month of sales declines—a streak not seen in more than a decade. Much of the downturn has been due to weak sales of PCs, smartphones and other consumer and business electronics that saw a rise in demand earlier in the pandemic.

Persons: Justin Sullivan Organizations: Semiconductor Industry Association, SIA

TOKYO, Nov 6 (Reuters) - Japanese chip materials maker JSR Corp (4185.T) on Monday slashed its operating profit forecast for the current financial year by 62%, citing a weak recovery in demand for semiconductors and a slowdown in the biotech market. Investors are debating the recovery path for the chip industry which has been hit by a slowdown in demand for electronics such as smartphones and PCs. "We had projected an upturn in the second half of the year and as we've highlighted here we're no longer expecting that upturn," JSR CEO Eric Johnson told a news conference. Operating profit was 3.4 billion yen in the second quarter, following a loss of 6.1 billion yen three months earlier. A leading maker of photoresists used in chip making, JSR said sales for cutting edge extreme ultraviolet (EUV) lithography grew 15% year-on-year in the April-September period.

Persons: Eric Johnson, photoresists, Johnson, Sam Nussey, Miho Uranaka, Kim Coghill, Miral Organizations: JSR, Samsung Electronics, Japan Investment Corp, Thomson Locations: TOKYO, KS

Following Monday's trade, Jim Cramer's Charitable Trust will own 870 shares of DD, increasing its weighting to 2.15% from 1.78%. To be fair, the stock deserved to be dinged because it was a mixed quarter from the chemical and material manufacturer. While Q3 beat estimates on EBITDA (earnings before interest, taxes, depreciation, and amortization), the company lowered its full-year outlook below Street expectations, mostly to reflect some ongoing softness in consumer electronics demand and slower water demand in China. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, DuPont, underwhelmed, Ed Breen, Jim Cramer, Jim, Edward Breen, Brendan McDermid Organizations: DuPont, DD, Qualcomm, Devices, Protection, CNBC, New York Stock Exchange Locations: China

☆ Is AI a Painkiller or a Vitamin?
▼ + stars: | 2023-11-05 | by ( Andy Kessler | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week’s best and worst from from Kyle Peterson, Mary O’Grady and Dan Henninger. Images: AP/Zuma Press/Reuters Composite: Mark KellyLast week, the White House issued an executive order for command and control of artificial intelligence, strangely invoking the Defense Production Act. Added to the order were a mishmash of unhelpful notions like “advancing equity” and collective bargaining. It feels longer, with so many new players and capabilities beyond text, including open-source large language models that run on PCs and maybe on phones. Will generative AI take our jobs?

Persons: Kyle Peterson, Mary O’Grady, Dan Henninger, Mark Kelly, Biden, It’s, OpenAI’s ChatGPT Organizations: Zuma Press, Reuters, White House

☆ Nvidia and AMD CEOs: Two of the world’s most powerful tech execs come from the same Taiwanese family
▼ + stars: | 2023-11-05 | by ( Michelle Toh | Wayne Chang | ) edition.cnn.com time to read: +10 min

The chief executives of Nvidia (NVDA) and AMD (AMD) aren’t just two of the most powerful people in the global AI chip industry, they’re also family. “For almost half a century now, Taiwan’s economy has been centered on electronics production, chip assembly, chip manufacturing, chip design, everything semiconductors. According to Nvidia, Huang was born in 1963 in Taipei before moving to the southern city of Tainan. “I would say anyone who logs on the internet is likely touching not just one, but dozens and hundreds of Nvidia and AMD chips,” said Miller. I would say anyone who logs on the internet is likely touching not just one, but dozens and hundreds of Nvidia and AMD chips.

Persons: Taipei CNN — Jensen Huang, Lisa Su, they’re, Su, Jean Wu, Wu, Huang, ” Su, ” Wu, ” Christopher Miller, ”, it’s, there’s, Hwa Cheng, Edith Yeung, Miller, Robyn Beck, AMD’s, Florence Lo, “, Christopher Miller Organizations: Taipei CNN, Nvidia, AMD, CNN, Consumer Technology Association, rockstar, Technology, Bloomberg, Getty, Race Capital, ASUS, Consumer, Massachusetts Institute of Technology, Oregon State University, Stanford University, McKinsey, Associated Press, CTA Locations: Hong Kong, Taipei, Taiwan, United States, China, Silicon Valley, Silicon, Tainan, Thailand, Washington, Kentucky, New York City, Las Vegas, AFP, Santa Clara , California

☆ Chip Makers’ PC Boost Not Built to Last
▼ + stars: | 2023-11-01 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

PCs have proved to be the saving grace for Intel and Advanced Micro Devices this earnings season. Photo: Alex Kraus/Bloomberg NewsIt’s a testament to how odd the chip market is right now that personal-computer demand is actually a source of strength. PC sales have been in a downspin since early last year, following two years of pandemic-induced growth. The downturn has been such that the 7.6% year-over-year decline in unit sales that market-research firm IDC reported for the third quarter actually counted as a notable improvement, as sales had been falling by double digits for the previous five periods. IDC projects PC shipments will total 252 million units globally this year—down 14% from last year and the lowest annual sales number the firm has reported in more than a decade.

Persons: Alex Kraus, It’s Organizations: Intel, Bloomberg, IDC

A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. Executives at both the companies talked up the stabilizing PC market on earnings calls this week and said they expected the integration of artificial intelligence to boost growth. "The arrival of the AI PC represents an inflection point in the PC industry," said Intel CEO Pat Gelsinger. AMD boss Lisa Su said she "expected some growth going into 2024 as we think about sort of the AI PC cycle and some of the (Microsoft) Windows refresh cycles". Still, some investors see the lack of AI apps as a potential hurdle for their adoption.

Persons: Dado Ruvic, Pat Gelsinger, Lisa Su, Justin Sumner, Canalys, Dave Egan, Arsheeya Bajwa, Akash Sriram, Chavi Mehta, Krishna Chandra Organizations: REUTERS, Intel, Devices, AMD, Microsoft, Voya Investment Management, Graphics, Columbia, Thomson Locations: Bengaluru

☆ Why we're upbeat on chemicals maker DuPont, despite its narrowed guidance
▼ + stars: | 2023-11-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

But we remain optimistic the specialty chemicals company's electronics business will turn next year, leading to revived growth. At the same time, DuPont raised concerns about its water and safety solutions business due to ongoing destocking and a weaker China. The electronics and industrial segment is comprised of three subunits: semiconductor technologies, interconnect solutions and industrial solutions. Guidance DuPont shaved its full-year net sales outlook to about $12.17 billion, from a previous range of $12.45 billion to $12.55 billion. The company cited additional channel inventory destocking and slow industrial demand in China, mostly in its water solutions business, for its revised guidance.

Persons: Ed Breen, DuPont, Jim Cramer's, Jim Cramer, Jim, Edward Breen, Brendan McDermid Organizations: DuPont de Nemours, DuPont, Spectrum Plastics, CNBC, New York Stock Exchange Locations: China

☆ Microsoft releases big Windows 11 update with Copilot AI assistant included
▼ + stars: | 2023-10-31 | by ( Jordan Novet | ) www.cnbc.com time to read: +10 min

Microsoft on Tuesday said it started rolling out the next major update to its Windows 11 PC operating system. Windows 11 now represents about 24% of desktop PCs, according to StatCounter data, while Windows 10, which will be supported until October 2025, controls almost 72% of the market. After that, Windows 11, which debuted in 2021, could become more popular. Copilot is probably the biggest part of this year's Windows 11 release. Here's a list of some of the other new features of the Windows 11 2023 Update, also known as 23H2:A virtual video editor.

Persons: OpenAI, Siri, Satya Nadella, It's, Clipchamp, You'll, Notepad Organizations: Microsoft, Windows, Bluetooth, BP, RBC, Adobe, Bing, Google Locations: Kantar, United Kingdom, India, OneDrive, North America, Asia, South America

☆ Alphabet CEO Sundar Pichai defends Google's search deals in antitrust trial
▼ + stars: | 2023-10-30 | by ( Lauren Feiner | ) www.cnbc.com time to read: +5 min

The lack of competition in general search tools, the government argues, deprives consumers of improved quality and choice. In that version, Microsoft planned to build search into its toolbar so that users did not need to download separate extensions to search from that part of the browser. The search engine for that module would be determined by whatever users picked in the previous version of IE. Pichai testified that to his knowledge, "not a single user" used the IE setting in the earlier version of the browser to change the search engine from Microsoft's. Google had "proposed instead that users be prompted to select the default search provider the first time they use the inline search feature," Drummond wrote in the 2005 letter.

Persons: Sundar Pichai, Pichai, Google's, David Drummond, Microsoft's, Brad Smith, Drummond, Meagan Bellshaw, Bellshaw Organizations: Apple, of Justice, Google, Microsoft

☆ Apple expected to unveil new Macs as PC industry slump eases
▼ + stars: | 2023-10-30 | by ( Stephen Nellis | ) www.reuters.com time to read: +3 min

The new Apple Mac Studio computer and Studio Display are displayed shortly after going on sale at the Apple Store on 5th Avenue in Manhattan, in New York City, New York, U.S., March 18, 2022. Reuters last week reported that Nvidia also plans to jump into the PC market as early as 2025. At Apple, the Mac hit $40.18 billion in revenue for its fiscal 2022, or about 11% of its revenue. While that was up 14% from the previous fiscal year, sales this year have slowed along with the rest of the PC industry, which has suffered a post-pandemic slump. Bajarin said he thinks that supply constraints will lead Apple to focus on higher-end Mac models used by large businesses.

Persons: Mike Segar, Ben Bajarin, Bajarin, Stephen Nellis, Marguerita Choy Organizations: Apple Mac, Apple, REUTERS, Windows, Intel, IDC, Arm Holdings, Qualcomm, Reuters, Nvidia, Creative, Analysts, Taiwan Semiconductor Manufacturing, San, Thomson Locations: Manhattan, New York City , New York, U.S, San Francisco

☆ Lenovo is more than just PCs. Here's how they're focusing on sustainable and AI-focused solutions for customers.
▼ + stars: | 2023-10-30 | by ( Sponsor Post | Created Lenovo With Insider Studios | ) www.businessinsider.com time to read: +6 min

Lenovo still builds industry-leading devices, but these are seamlessly integrated with infrastructure, solutions, and services. By combining industry-leading, customer-centric intelligent devices with services such as consultancy, installation, operations, maintenance, and solutions, Lenovo is a trusted partner that turns vision into value across industries. Lenovo was an early mover, leveraging its TruScale Infrastructure Brand to launch the TruScale EaaS platform in 2021. Focusing on AIAt the heart of Lenovo's transformation is an unyielding commitment to Research and Development (R&D). As a global technology powerhouse, Lenovo is showing us that a PC company can be so much more.

Persons: ThinkReality VRX, they're, They're Organizations: Lenovo, Intelligence, Brand, Research, - Intelligence, Insider Studios

☆ Earnings playbook: Your guide to trading another busy week of reports, including Apple and Pfizer
▼ + stars: | 2023-10-29 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

About 30% of the S & P 500 is set to report earnings this week, bringing the reporting past the halfway mark. Monday McDonald's is set to report earnings before the bell, followed by a call with management at 8:30 a.m. What CNBC is watching: Pfizer is coming into this latest earnings report limping. What history shows: Starbucks only beats earnings expectations 55% of the time, according to Bespoke, but the stock averages a 0.5% gain on earnings days. What history shows: Apple shares tend to do well on earnings days, averaging a 1.3% advance, according to Bespoke.

Persons: It's, Oppenheimer, Brian Bittner, PFE, Kif Leswing, Cowen, Andrew Charles, bode, Tim Cook, — CNBC's Michael Bloom Organizations: Apple, Pfizer, Meta, CNBC, Investment, AMD, Nvidia, Starbucks, Corporate Locations: U.S, Covid, China

☆ Jim Cramer says Intel's solid quarter and big stock pop signal PCs might be back
▼ + stars: | 2023-10-27 | by ( Morgan Chittum | ) www.cnbc.com time to read: +1 min

The major supplier of semiconductors that power PCs beat earnings estimates and issued strong revenue guidance, sending shares roughly 10% higher on Friday. "They're winning a lot of business and there should be some new product," Cramer said on "Squawk on the Street." If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. AMD and Intel dominate the market for central processing units, or CPUs, that are the brains of PCs. There was a report this week, however, that Nvidia might be looking to leverage its alliance with Arm Holdings (ARM) to make CPUs.

Persons: Jim Cramer, They're, Cramer, Jim Cramer's, Jim Organizations: Intel, Devices, AMD, Cramer's, Nvidia, Arm Holdings, Apple

☆ Intel pops 10% after earnings beat shows progress toward $3 billion in cost savings
▼ + stars: | 2023-10-27 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +3 min

Intel stock jumped 10% on Friday morning after the company beat Wall Street expectations for profit and sales. It posted $14.16 billion in revenue for the quarter, ahead of analyst expectations of $13.53 billion, but down 8% from the year-ago quarter. Intel is also on track to hit its goal of $3 billion in savings for the year, according to CEO Pat Gelsinger. JPMorgan analysts praised the savings in an investor note. "The team is also executing well against its cost saving initiatives and indicated that they are on track with their plans for $3B in savings to COGS/Opex in 2023," JPMorgan analysts wrote.

Persons: Intel's premarket, Goldman Sachs, Morgan Stanley, Pat Gelsinger, Intel's, —, Leswing, Michael Bloom Organizations: Intel, Nvidia, Arm, JPMorgan, CNBC

☆ Intel Sees Budding PC Recovery, AI Boost Despite Dropping Sales
▼ + stars: | 2023-10-26 | by ( Asa Fitch | ) www.wsj.com time to read: 1 min

Intel and other chip makers are hoping consumers will flock to future PCs with chips designed for AI calculations. Photo: Brent Lewin/Bloomberg NewsIntel ’s revenue and profits fell in its latest quarter as weak personal-computer and server sales damped the market for its chips. Still, shares of the chip maker rose about 6% in after-hours trading as the company’s results and outlook topped analyst expectations amid signs that a PC recovery is starting to take hold and interest in artificial-intelligence computation is growing.

Persons: Brent Lewin Organizations: Intel, Bloomberg

☆ Intel forecasts fourth-quarter revenue above expectations
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsOct 26 (Reuters) - Intel (INTC.O) forecast fourth-quarter revenue above Wall Street estimates on Thursday, optimistic of a healthy rebound in client orders for its chips after a several-quarters-long inventory buildup in the PC market eased. The company forecast adjusted current-quarter revenue in the range of about $14.6 billion to $15.6 billion, compared with an estimate of $14.35 billion, according to LSEG data. The company expects adjusted profit per share to be about 44 cents, beating an estimate of 32 cents. Reporting by Chavi Mehta in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, chipmaker, Canalys, Chavi Mehta, Krishna Chandra Organizations: REUTERS, Intel, Taiwan Semiconductor Manufacturing, Thomson Locations: Santa Clara , California, Bengaluru

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