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Intel (INTC) reported its third-quarter earnings on Thursday, Oct. 23. The beaten-down chip maker brought in a new CEO, Lip-Bu Tan, earlier in the year to help it regain lost ground in a market now dominated by Nvidia (NVDA), Advanced Micro Devices (AMD), and Taiwan Semi (TSM).
It seems the turnaround is starting to pay off. Intel’s shares have soared 101.9% year-to-date, compared to the S&P 500 Index ($SPX) gain of 14.6%.