Intel Sets New Record High as Investors Await Strategy Talks

Overview

• Intel shares reached an all-time high as investors positioned ahead of scheduled remarks from top executives.
• Intel said CEO Lip-Bu Tan will join a fireside chat at JPMorgan’s Global Technology, Media and Communications Conference on May 19.
• The company said CFO John Pitzer will appear at a fireside chat at the BofA Global Technology Conference on June 2.
• Both events are slated to cover Intel’s business and corporate strategy for the months ahead.
• Intel reported first-quarter revenue of $13.6 billion, up 7% year over year, and guided second-quarter revenue to $13.8 billion to $14.8 billion, which implies faster growth than last year’s flat second quarter.