Intel rises on revenue beat as CEO hunt dominates investor focus

Quick Summary:

Intel shares rose 1.7 per cent premarket on Friday as the chipmaker's quarterly revenue beat low expectations and investors focused on its search for a new CEO to steer the company through one of its most difficult periods.

Intel's 12-month forward price-to-earnings ratio is 24.67, compared with Nvidia's 28.17, and AMD's 23.45.

Shares of peers Nvidia were down nearly 1 per cent before the bell on Friday, while Advanced Micro Devices was up about 1 per cent.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Friday Shares Search Nvidia Business Intel Investors Company Cent Revenue Rose

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-31 @ 19:18:22 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 465 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 25667240

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