Intel results to show if barrage of investments in chipmaker paying off

Intel’s third-quarter results on Thursday will show whether a clutch of recent high-profile investments can shore up its strained finances as new CEO Lip-Bu Tan attempts to revive the ailing chipmaker.

Multi billion-dollar investments from Nvidia and Japan’s SoftBank as well as an unprecedented US government stake during the September quarter provided bright spots in Intel’s long-running turnaround.

The investments have helped its shares double in value this year and outpace gains in AI darling Nvidia, setting a high bar for the company expected to report a 1% drop in third-quarter sales to $13.14 billion according to LSEG data.