Intel: return to profitability in Q1
The chipmaker increased its sales by 9% to $12.7 billion, growth driven in particular by its Client Computing Group (CCG) division, whose revenues soared by 31% to $7.5 billion thanks to the development of AI.
Intel forecasts adjusted EPS of $0.10 and revenues of between $12.5 and $13.5 billion for the current quarter, as well as growth in both adjusted EPS and revenues for the full year 2024, with a gross margin gain of around 200 basis points.
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