Intel CEO says ‘the worst is behind us’
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#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 […]