Intel stock jumps as Q3 earnings beat expectations, AI drives chip demand

Intel (INTC) stock jumped over 3% Friday as the chipmaker reported third quarter earnings and revenue that topped Wall Street's expectations. Intel reported $13.7 billion in revenue for the three months ended Sept. 27, higher than the $13.15 billion expected by analysts tracked by Bloomberg and $13.28 billion the previous year. The chipmaker said that adjusted earnings per share was $0.23, above the $0.01 projected by Wall Street. The company reported a loss of $0.46 during the same period in 2024. CEO L ...