Summary

Intel shareholders are optimistic about the company’s turnaround efforts, driven by strong demand for server chips due to rapid data center build-outs. CEO Lip-Bu Tan’s strategic investments and operational overhauls have bolstered investor confidence, leading to a significant stock price increase. However, Intel still faces challenges in the PC market, with potential moderating demand due to rising memory chip prices.

https://www.channelnewsasia.com/business/intel-results-spotlight-turnaround-efforts-ai-data-centers-boost-chip-demand-5873951