{"id":2081331,"date":"2023-10-27T12:45:03","date_gmt":"2023-10-27T16:45:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chipmaker-intel-soars-on-signs-of-pc-market-recovery\/"},"modified":"2023-10-27T12:47:44","modified_gmt":"2023-10-27T16:47:44","slug":"chipmaker-intel-soars-on-signs-of-pc-market-recovery","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chipmaker-intel-soars-on-signs-of-pc-market-recovery\/","title":{"rendered":"Intel surges as PC market shows signs of recovery."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchipmaker-intel-soars-on-signs-of-pc-market-recovery%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2081331&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<p><span class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2\" data-testid=\"Text\">By <\/span>Samrhitha A<\/p>\n<p>October 27,\u200c 2023 \u2013 \u20632:11 PM UTC<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<blockquote><p>(Reuters) \u2013 Intel (INTC.O)\u200d rose\u200b more than 9% on Friday and sparked a jump in chip stocks\u2063 after its upbeat forecast signaled that the personal computer market was\u2062 rebounding\u2063 from \u2063its quarters-long slump.<\/p><\/blockquote>\n<blockquote><p>The chipmaker was set\u2062 to increase its\u2063 market value by more than $10 billion, if gains hold. Other chip firms such as AMD (AMD.O), Nvidia (NVDA.O) and Arm rose \u200c1% to 2%.<\/p><\/blockquote>\n<blockquote><p>\u201c(Intel) does appear to have turned the corner on the worst of it\u201d, Bernstein \u2064analysts said, pointing to the improvements \u200bin the PC-focused business and customers it had signed for its chip contract manufacturing business, among others.<\/p><\/blockquote>\n<blockquote><p>Under \u2063CEO Pat \u2064Gelsinger, Intel\u2064 is trying to turn around its business by \u2064making \u2062heavy infrastructure investments \u200dthat the firm hopes will give it an edge in chipmaking and allow it\u2064 to compete with the likes \u200cof Taiwan\u2019s TSMC (2330.TW) for foundry clients.<\/p><\/blockquote>\n<blockquote><p>After\u200b securing three unnamed clients for the contract manufacturing unit, Gelsinger\u2062 told Reuters on Thursday that he expects to close a deal for a fourth \u2063customer before the end of the\u200d year.<\/p><\/blockquote>\n<blockquote><p>\u201cThe foundry business is slowly taking shape.\u202f The \u2063announcement of new \u200dcustomers is\u200d a clear\u2064 positive that shows \u200cthere is customer interest in what Intel brings to the table,\u201d\u2063 Logan Purk, analyst at Edward Jones, said.<\/p><\/blockquote>\n<blockquote><p>Intel also forecast fourth-quarter revenue\u200d and margins above Wall Street \u2063estimates \u2062on Thursday, after it \u2062reported a smaller-than-feared decline in \u200bthe segment that houses its PC business for the July-September period.<\/p><\/blockquote>\n<blockquote><p>At least 17 analysts raised their price targets on the stock, boosting \u200bthe median view to $37, according to LSEG data. Intel has rallied 23% this year,\u200d but its gains\u2063 have\u200b paled in comparison to the 44.6%\u200b jump at AMD and nearly three-fold rise at\u2062 Nvidia.<\/p><\/blockquote>\n<blockquote><p>Intel trades \u200bat 22.2 times its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinese-stocks-crash-in-biggest-plunge-since-2008-as-shenzhen-goes-into-lockdown\/\" title=\"Chinese Stocks Crash in Biggest Plunge Since 2008 as Shenzhen Goes Into Lockdown\">12-month forward earnings estimates<\/a>, compared with Nvidia\u2019s 26.06.<\/p><\/blockquote>\n<blockquote><p>Bernstein analyst Stacy Rasgon said Intel\u2019s \u201cAI story still seems marginal\u201d and the \u201cdatacenter performance\u200d continues\u2062 to suffer\u200d from significant headwinds\u201d.<\/p><\/blockquote>\n<blockquote><p>The company is under \u200bheavy \u2063pressure in the data center chip market from Nvidia, \u200dwhose graphic\u200c processing units are used\u2064 for training artificial intelligence models.<\/p><\/blockquote>\n<blockquote><p>Sales at Intel\u2019s data \u2062center business, which also \u200chouses its\u200c AI chip division, dropped 10%. But \u2062the company has seen interest\u2062 surge for\u2062 its \u201cGaudi\u201d AI chips.<\/p><\/blockquote>\n<blockquote><p>\u201cThere\u2019s \u2062a lot\u200d of interest in that. We\u2019re \u200dnow supply constrained on \u200cGaudi \u2062and racing to catch up to \u2063that,\u201d Gelsinger said.<\/p><\/blockquote>\n<blockquote><p>(This story has \u200bbeen\u2064 refiled to correct the \u200dsyntax in analyst comment in paragraph 7.)<\/p><\/blockquote>\n<blockquote><p>Reporting by Samrhitha Arunasalam\u200c in Bengaluru; Editing by Shounak Dasgupta<\/p><\/blockquote>\n<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-4\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-4'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\t \t\tShare this post!\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>A Former U.S. Attorney Claims\u200c DOJ Hindered Hunter Biden Probe<\/h2>\n<p> Speaking of Justice, \u2064Jamaal Bowman Takes Bold\u2062 Action<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>GOP Congressmen React to Voice of \u200cAmerica&#8217;s Controversial \u2062Directive<\/h2>\n<p> Multiple \u200cGOP congressmen give their reaction \u200don \u200ca recent \u200creport that said the state-owned network, &#8220;The Voice of America,&#8221; told its reporters to stop calling\u200c Hamas &#8216;terrorists.&#8217;<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>Iran&#8217;s Foreign Minister Warns U.S. to Back Away from Supporting Israel<\/h2>\n<p> Weeks after Hamas terrorists attacked\u2063 Israel, Iran&#8217;s Foreign Minister\u200b is cautioning the\u200b U.S. \u200bagainst supporting Israel.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>Heritage Foundation Pressures DHS for Information \u2064on Controversial University Program<\/h2>\n<p> The \u200dconservative think tank Heritage Foundation is demanding\u200b the Department of Homeland \u200dSecurity comply with a Freedom of Information Act request regarding a university program that tied the foundation and other Republican\u2063 groups to neo-Nazis.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>Intel&#8217;s Stock Surges as PC \u200dMarket Rebounds<\/h2>\n<p> Intel rose\u200b more than 9% on Friday and sparked\u2063 a\u200c jump in chip stocks after the personal computer market\u200b was rebounding from its quarters-long \u200cslump.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>Amazon.com \u2063Aims for Larger Share of AI Market<\/h2>\n<p> Amazon.com rose 7%\u200c on Friday as it aims for a larger share\u200c of \u200dthe <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ottawa-senators-shane-pinto-suspended-for-41-games-in-nhl-sports-betting-ban\/\" title=\"Ottawa Senators' Shane Pinto gets 41-game suspension for NHL betting ban.\">booming artificial\u2064 intelligence market<\/a> in a race with Microsoft.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>Malaysia&#8217;s Regulator\u2062 Warns TikTok and Meta for Blocking Pro-Palestinian Content<\/h2>\n<p> Malaysia&#8217;s communications regulator will \u2064issue a warning to social media firms TikTok and \u200bMeta for allegedly blocking pro-Palestinian \u2064content on their\u2064 platforms.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>FTX Founder&#8217;s Fraud Trial Begins<\/h2>\n<p> Lawyers for FTX founder Sam Bankman-Fried kicked off their \u2063case\u2063 at his fraud trial on\u2064 Thursday.<\/p>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> What implications does this revelation have \u2062for the\u200c accountability and transparency of government\u200d officials and the role of\u2063 the media \u2062in \u200dreporting on high-profile investigations<\/h2>\n<p><span>  A \u200cFormer U.S. Attorney Claims\u200c DOJ Hindered Hunter Biden\u2063 Probe<\/p>\n<p>In\u200b recent news, a former U.S. attorney\u200d has claimed that the Department of Justice hindered the investigation into Hunter Biden,\u2062 the \u2064son of President Joe Biden. \u200bThis revelation comes amidst ongoing scrutiny and\u200c speculation surrounding\u2063 Hunter Biden&#8217;s\u200d business dealings and potential conflicts of interest.<\/p>\n<p>According to \u200bthe former \u200cU.S. attorney, the DOJ placed obstacles in\u2064 the path\u200b of the investigation, preventing\u2063 it \u200dfrom proceeding smoothly and effectively. These alleged hindrances raise questions about the independence\u200d and integrity of the \u2064Department of\u2063 Justice, as well as\u2064 its commitment to pursuing justice without bias \u200cor political interference.<\/p>\n<p>The claims made by the former\u2062 U.S. attorney\u2064 are serious and should be thoroughly investigated. It is crucial for the \u200cAmerican\u2062 people \u200cto have confidence in the impartiality and fairness of their justice\u200d system. Any perceived\u2064 impropriety or obstruction \u200bin <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chipmaker-intel-soars-on-signs-of-pc-market-recovery\/\" title=\"Intel surges as PC market shows signs of recovery.\">high-profile investigations undermines public trust<\/a> and erodes \u2063the credibility of \u200dour institutions.<\/p>\n<p>This development also \u2063highlights the\u2064 importance of accountability and transparency in government. Elected officials and their family members should be subject to the same scrutiny and investigation\u200c as \u2064any other \u2062individual. No \u2062one should be above\u2063 the\u200d law, regardless of their \u2064political connections\u2064 or familial ties.<\/p>\n<p>Furthermore, this story raises questions about the role of the media in\u200d reporting on these matters. The mainstream media\u200d has\u200d faced criticism for its handling of the Hunter Biden \u200bstory, with accusations of \u200bbiased coverage and possible attempts to suppress or downplay the allegations.\u2064 It is\u200d essential for the\u2064 media to fulfill its duty to \u2064the public by \u2063providing objective and \u200dcomprehensive reporting, allowing citizens to form their own\u2062 informed opinions.<\/p>\n<p>Ultimately,\u200d the \u2062allegations made by \u200cthe former \u2063U.S.\u200c attorney regarding the DOJ&#8217;s handling of the Hunter Biden\u200d investigation \u2064are concerning and warrant further investigation. \u2062The American people deserve transparency, accountability, \u2064and confidence in their justice system. It is crucial that these claims are thoroughly \u2062examined, and if any wrongdoing \u2063is found, appropriate \u200baction should be \u200dtaken to ensure that \u200bjustice \u200dis served.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>9% as its positive forecast indicated a recovery in the PC market, leading to a surge in chip stocks.<\/p>\n","protected":false},"author":1911,"featured_media":2081332,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2081331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2081331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1911"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2081331"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2081331\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2081332"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2081331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2081331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2081331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}