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Ceo Update

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"Intel's Positive Update Boosts Stock Performance"

Originally Published 2 years ago — by MarketWatch

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Source: MarketWatch

Intel's stock rose after CEO Pat Gelsinger provided an optimistic update on the company's business, stating that they are tracking above the midpoint of their third-quarter outlook and experiencing a healthy client business. Gelsinger also mentioned that Intel's data-center business is on track, and discussed the potential benefits of their foundry business in light of geopolitical dynamics and industry shortages.