Friday, 24 October, 2025
Intel Stock Soars on Turnaround Hopes and Cost Cuts
Intel shares surged nearly 8% to an 18-month high after the chipmaker beat quarterly profit estimates, signaling a successful turnaround. Investors backed CEO Lip-Bu Tan's aggressive cost-cutting measures and strategic investments, including from SoftBank and Nvidia. This momentum, following a loss-making 2024, has lifted investor confidence as Intel works to address manufacturing challenges and capitalize on data center demand for AI chips.
Read full story at Economic Times