Bloomberg Intelligence Intel Returns to Profitability in Third Quarter
Oct 24, 2025
Kunjan Sobhani, a senior semiconductor analyst, delves into Intel's return to profitability and its turnaround strategies, highlighting the importance of AI demand. Craig Trudell, global autos editor, covers Ford's strong SUV performance amidst GM's job cuts and shifting EV investment due to slower market demands. Jennifer Bartashus, a senior retail analyst, discusses Target's corporate cuts to simplify operations and the crucial elements for holiday retail success, like inventory and customer experience.
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Intel Shows Early Turnaround Signs
- Intel's Q3 results mark a nascent turnaround driven by improving AI PC and server CPU demand.
- Structural moves like more wafers in-house and Arizona Intel 18A ramp should improve gross profit dollars over time.
Big Investors Reduce Liquidity Risk
- Recent capital injections from the US government, NVIDIA and SoftBank shore up Intel's liquidity and strategic credibility.
- Those deals don't directly boost sales but reduce customer trust concerns about Intel's survival and investment plans.
Competition Forced Intel To Reprioritize
- Intel faces intense competition and missed early AI accelerator ramps compared with NVIDIA and AMD.
- Share loss in data centers is slowing, and shifting capacity toward high-end data center chips is the right strategic priority.