TradingKey – Intel Corp’s (NASDAQ:INTC) stock closed at $116.03 on September 28th down 5.67% from the previous session. The intra-day low was $114.71. After pulling back from its September 24th close of $127.39, the stock is trading at levels reflecting an operating story that is stronger than last year. Rapidly growing AI and data center businesses have improved profit margins and manufacturing efficiency. Investors want to know if these improvements outweigh the loss of foundry business, high cash spending and dilutive stock events.
The Core Business Is Recovering
Last quarter, Intel reported a 25% year-over-year increase in revenues to $16.1 billion. GAAP gross and operating margins also improved to 40.4% and 11.1% respectively from…
