Intel shares soared Thursday as a resurgent personal-computer market helped it bounce back from two quarters of record losses and it forecast new demand from the artificial-intelligence boom.
The $1.5 billion profit defied analysts’ expectations of another loss. It came after the $2.76 billion shortfall that Intel reported the previous quarter, the worst ever recorded for the storied chip maker.
Chief Executive Pat Gelsinger said the company was on track with an ambitious turnaround plan articulated when he took the helm more than two years ago. He said demand for AI was poised to boost PC and data-center divisions that have languished in recent quarters.
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