Instant Reaction: Intel Gives Encouraging Forecast After PC Market Rebounds

Instant Reaction: Intel Gives Encouraging Forecast After PC Market Rebounds

Intel gave an upbeat revenue forecast after personal computer demand grew, boosting optimism about a comeback attempt by the embattled chipmaker.

Fourth-quarter sales will be $12.8 billion to $13.8 billion, the company said in a statement Thursday. The midpoint of that range, $13.3 billion, was just below Wall Street’s $13.4 billion average estimate.
But some analysts were still including revenue from a unit that Intel just spun off — money that wasn’t part of the company’s forecast.

The shares gained about 3% in late trading after closing at $38.16.

For instant reaction and analysis, Bloomberg Businessweek hosts Carol Massar and Tim Stenovec speak with Jay Goldberg, Senior Analyst of Semiconductors & Electronics with Seaport Research Partners

See omnystudio.com/listener for privacy information.

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Instant Reaction: Supreme Court Allows Trump Sentencing

Instant Reaction: Supreme Court Allows Trump Sentencing

A divided US Supreme Court cleared the way for President-elect Donald Trump’s sentencing in his hush money criminal case, dealing him a setback as he prepares to begin his second term in office. For r...

10 Tammi 20259min

Trump Takes Hush Money Sentencing to Supreme Court

Trump Takes Hush Money Sentencing to Supreme Court

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Greg Stohr, Bloomberg Supreme Court Reporter, discusses President-elect Donald Trump asking the US Supreme Court to intervene in hi...

8 Tammi 202519min

JP Morgan Staffing, Bridgewater Cuts

JP Morgan Staffing, Bridgewater Cuts

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Michael Moore, Managing Editor for Finance in the Americas, discusses JPMorgan planning to bring staff back to office 5 days a week...

7 Tammi 202525min

Trudeau Resigns, Barr to Step Down

Trudeau Resigns, Barr to Step Down

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Laura Kane, Ottawa Bureau Chief, discusses Canadian Prime Minister Justin Trudeau resigning. Michael McKee, Bloomberg International...

6 Tammi 202525min

Special Coverage: Mike Johnson Wins House Speaker Vote

Special Coverage: Mike Johnson Wins House Speaker Vote

Republican Mike Johnson won reelection as House speaker, overcoming resistance from a small but pivotal group of conservative hardliners after a flurry of last-minute talks and with the help of a crit...

3 Tammi 202518min

BI Weekend: Tesla Deliveries, Luxury Sales

BI Weekend: Tesla Deliveries, Luxury Sales

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.On this podcast: Steve Man, Bloomberg Intelligence Global Autos and Industrials Research Analyst, discusses Tesla deliveries. Debor...

3 Tammi 202538min

Nippon Steel Takeover of US Steel Blocked

Nippon Steel Takeover of US Steel Blocked

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Michael Shepard, Bloomberg Senior Editor in Washington, discusses President Biden blocking the $14.1 billion sale of United States ...

3 Tammi 202518min

Instant Reaction: Cybertruck Blast Suspect Identified

Instant Reaction: Cybertruck Blast Suspect Identified

The suspect who died in a Cybertruck explosion outside the Trump Las Vegas hotel on Wednesday was identified as Matthew Alan Livelsberger, according to people familiar with the matter. Hosts Carol Mas...

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