INTC - Why Intel Corporation Shares Are Trading Higher Friday | Benzinga
Intel Corporation (NASDAQ:INTC) stock is trading higher Friday after the chief technology officer reportedly stated it is targeting a cumulative software revenue of $1 billion by the end of 2027.
What To Know: The chief technology officer Greg Lavender told Reuters, “I have a goal of getting to $1 billion of software and developer cloud subscription revenue,” he said. “I think I’m on track to hit this goal by the end of 2027 … maybe sooner.”
Lavender stated that his approach is to concentrate on offering services in AI, performance and security. These are ...