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23.04.26 - 22:51
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Intel Shares Soar On Strong AI-Fueled Outlook, Surpassing August 2000 Peak (ZeroHedge)
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Intel Shares Soar On Strong AI-Fueled Outlook, Surpassing August 2000 Peak
Chipmaker Intel, which less than a year ago was trading like a distressed company, and required a capital infusion from the US government, and earlier today hit a 90x forward PE...
... soared after hours after giving a strong sales forecast for the current period, signaling that the recently struggling chipmaker is finally beginning to benefit from the giant build-out of artificial intelligence infrastructure. But before we get there, here is a quick look at what the company reported for the first quarter:
Adjusted EPS 29c vs. 13c y/y, beating estimate 1.0c
Revenue $13.58 billion, +7.2% y/y, beating estimates of $12.36 billion
Intel Products revenue $12.78 billion, +8.7% y/y, beating estimate $11.53 billion
Client Computing revenue $7.73 billion, +1.3% y/y, beating estimate $7.1 billion
Datacenter & AI revenue $5.05 billion, +22% y/y, beating estimate $4.41 billion
Intel Foundry revenue $5.42 billion, +16...
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23.04.26 - 22:48
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Bezos′s Physical AI Lab Has Closed Round at $38 Billion Value (Bloomberg)
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Project Prometheus, the artificial intelligence lab that Amazon.com Inc. founder Jeff Bezos is leading with Google veteran Vik Bajaj, has closed a $10 billion funding round that values the company at roughly $38 billion, according to a person familiar with the situation....
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23.04.26 - 22:30
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Raymond James CEO: Focusing on Tech, Products, AI (Bloomberg)
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Raymond James CEO Paul Shoukry discusses the health of their 'record' recruiting pipeline, and a renewed focus on technologies, products, and AI to help advisors provide more holistic advice for their clients. He talks with Katie Greifeld and ROmaine Bostick on "The Close." (Source: Bloomberg)...
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