Intel Corp. reported better-than-projected fourth-quarter revenue, while the semiconductor maker cautioned that its push to become more competitive is still a work in progress.

Shares of Intel Corp. (INTC) were in focus on Wednesday ahead of the chipmaker’s fourth quarter results, which are scheduled for Thursday after the bell. Intel's stock price fell nearly 0.2% during mid-day trade.

The company reported earnings before certain costs such as stock compensation of 13 cents per share, squeezing past Wall Street’s consensus estimate of 12 cents per share. Revenue for the quarter came to $14.26 billion, up 7% from a year ago and ahead of the Street’s target of $13.81 billion.

DeepSeek’s achievement is a big step forward in the world-changing advances of technology, regardless of who wins or loses

Amid talk of "splits, saviors, and deals," Intel will deliver its first earnings report since Pat Gelsinger left as CEO.

Following the debut of the Intel Panther Lake chip later in 2025, Intel will launch Nova Lake to begin shipping in 2026.

Former Intel ( INTC, Financials) Chief Executive Pat Gelsinger revealed that he has acquired shares of Nvidia ( NVDA, Financials) and other artificial intelligence-related stocks, citing recent advancements in AI model training.

Michelle Johnston Holthaus, Intel’s co-CEO and then executive vice president and general manager of the company’s Client Computing Group, holds a Intel Core Ultra processor as she speaks during the Intel AI Everywhere event in New York on Thursday, Dec. 14, 2023.

Intel will face investor scrutiny on its CEO search when it reports quarterly results on Thursday, as the chipmaker stares at another big decline in revenue due to weak PC sales and its shrinking share in the datacenter market.

Ex-CEO of Intel, Pat Gelsinger, has come out praising China's new DeepSeek R1 model: also announces he's buying the dip with cheap NVIDIA shares.

Ex-Intel CEO Pat Gelsinger loads up on Nvidia stock, says the market's reaction to DeepSeek is wrong When you buy through links on our articles, Future and its syndication partners may earn a commission.