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Intel shares rose more than 5% Friday, hitting $100.45.
Intel's share price reached a record high, surpassing its dot-com era peak after years of stagnation.
KEY POINTS
- Current demand for Intel CPUs is focused on older generations, not its latest 18A processors.
- Intel left over $1 billion in sales last quarter due to insufficient manufacturing capacity.
- Elon Musk plans to use Intel’s upcoming 14A process for his new Terafab manufacturing complex.
- Despite high demand, Intel has lost market share and expects supply shortages to persist through 2024.
COMPANIES
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