Browsing: Intel

Computer company Intel(NASDAQ: INTC) has been soaring in value over the past year amid excitement and potential for its foundry business. Recently, the company signed a large customer: Fortinet, which will use Intel to develop advanced security chips. While it’s not the first customer for the foundry business, it is the first named one

Intel (NASDAQ:INTC), a leading semiconductor manufacturer, closed down 7.89% at $92.32. Investors sold off Intel shares after initial optimism following yesterday’s earnings, as questions about foundry customers and artificial intelligence (AI) progress took focus. Trading volume reached 179.1 million shares, coming in about 36% above its three-month average of 131.4 million shares