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RE: LeoThread 2024-01-26 13:09

in LeoFinance • 9 months ago

🧵 1. Intel projects weaker Q1 2024 outlook, but CEO Gelsinger remains confident in sequential and year-on-year growth in revenue and EPS for the fiscal year. #tech

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🧵 2. Intel's first quarter revenue expected to be between $12.2B and $13.2B, down from $15.4B in Q4 2023.

🧵 3. Despite subpar guidance, Intel CEO emphasizes focus on beating Q1 numbers and building momentum with improving product line.

🧵 4. Intel's foundry business benefits from AI interest, with the deal value for IFS over $10B. Revenue to be realized in 2025, with peak costs in 2024.

🧵 5. Intel confident in competitiveness and industry leadership potential, despite partnerships with rival chipmakers.