Intel shares jump as investments, cost cuts catapult turnaround efforts

Intel shares surged nearly 9 percent in premarket trading on Friday as investors rallied behind CEO Lip-Bu Tan's aggressive cost-cutting measures that helped the chipmaker surpass quarterly profit estimates and regain stability amid a flurry of high-stakes bets on future growth. The results mark a turning point for Intel, which has struggled to maintain relevance in the face of fierce competition and manufacturing setbacks. After a bruising 2024 that saw its first annual loss in nearly four decades, the company is now leaning on strategic investments and operational discipline to rebuild investor confidence. Steadying the ship Intel also drew support during the quarter from multi-billion-dollar investments by Nvidia and Japan's SoftBank as well as a U.S. government stake, moves that offered a financial cushion as it works to revive growth. These investments, along with Tan's turnaround efforts, have offered a lifeline to the stock, which has rebounded by more than 90 percent in 2025, outperforming AI chip leaders Nvidia and AMD . Intel trades at a 12-month forward price-to-earnings ratioWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times