"Intel's Q4 2023 Earnings Report Sparks Stock Drop"
Intel Corporation's Q4 2023 earnings call highlighted strong financial results, with revenue at the higher end of guidance and strong EPS upside. The company's CEO, Pat Gelsinger, emphasized progress on their IDM 2.0 transformation, including process leadership, capacity expansion, and AI integration across product segments. They also discussed advancements in process technology, foundry ecosystem, and AI products, positioning themselves to participate in the growing AI semiconductor market. Despite subseasonal Q1 guidance due to inventory corrections in Mobileye and PSG, Intel remains confident in driving progress and considerable growth throughout fiscal year '24.
