INTC Stock Alert: The $1 Billion Reason Intel Closed Up Today

Intel (NASDAQ:INTC) is best-known as a hardware company. However, news today around its push into software sent INTC stock nearly 3% higher to close out Friday trading. According to CTO Greg Lavender, Intel could see as much as $1 billion in cumulative revenue from its software business by 2027. That would be a stark improvement, given that the company made roughly $100 million in revenue in this segment in 2021. Intel’s push into AI services, performance, and security will help it diversify its revenue in ...