#intel #yahoofinance #intelceo #ai #q3
After posting two straight quarters of losses, Intel (INTC) returned to profitability in the second quarter. In an interview with Yahoo Finance Live, Intel CEO Pat Gelsinger says he thinks “the worst is behind us at this point and our raise to the guide for Q3 really portends to a more optimistic future.” One of the big issues for Intel has been the slowdown in PC demand. On that Gelsinger says the company is “expecting nice quarter-on-quarter improvements” in that business, partly due to inventory adjustments. When it comes to AI, Gelsinger explains there are a couple of reasons why Intel’s name isn’t mentioned much in the conversation. One of the reasons Gelsinger gives is that “we haven’t been as aggressive out of the chute as we should’ve been.” Gelsinger says the company has to prove itself because “we have a clear market leader who is executing very well.” Gelsinger says rival Nvidia (NVDA) “has done a good job in this space. They’ve really led the way and I like to say, they worked super hard and they got lucky.” However, Gelsinger notes the AI space is still “fairly young” and there is still “a lot of opportunity” for Intel.
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If there is a guy out there that can get Intel back to its old glory, it is Pat Gelsinger.
U.S. DOES NOT PAY IT’s DEBT 34 TRILLION TIMES.. Are you surprised the Ponzi scheme is catching up to them??
Intel needs to make REAL GPU!!!! AND AFFORDABLE CPU!!!!!
Blue hitting back at red is great for us consumers
Good job Pat.
Hope Pat is successful with this roadmap for intel because it will show how important it is to have a engineer at the Helm of a tech company instead of some bs suit with a mba
All come to PLTR
That dude absolutely looks blasted.
The only hope for tech is AI, and some huge names like Musk, are for regulation of AI and a moratorium until it happens. Thst coupled with no raises for the working class in years along with layoffs, not sure who is buying all the tech with the market crippled by inflation. My computer is 4 years old, my TV is 6 years old, and my phone 2 years old, I dont plan on upgrading anytime soon until prices come down. If they dont come down then my discretionary spending goes to my mortgage. Comapnies that layed off white collar workers just ate their own tails.
The man hasn’t slept in days. Said nothing substantial. Showed weak leadership.
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