Intel CEO Pat Gelsinger talks earnings, AI and more in Yahoo Finance interview
Intel CEO Pat Gelsinger discussed Intel’s recent return to profitability, its AI strategy and more in a recent interview with Yahoo Finance.
“I really think the worst is behind us,” Gelsinger said of last week’s second quarter earnings, in which Intel (Nasdaq: INTC) reported strong results after two quarters of major losses.
Here is a sample of what Gelsinger said in the discussion.
Gelsinger on Intel’s outlook after its Q2 earnings:
“We finished the quarter feeling really good, good response from investors, as we rolled out the news.
And I do think we’ve, you know, we’ve seen the worst. And obviously, the PC inventory levels are now healthy again. And we’re seeing the demand signals. You know, we think we still have a little bit of inventory on the networking and the data center to fight through in the third quarter of the year. But I really think the worst is behind us at this point.”
On Intel’s AI products:
“We haven’t been as aggressive out of the chute as we should have been. And now with our Gaudi product line really starting to get interest in the marketplace, customer pipeline is a building very rapidly, and we have a very robust roadmap.”
On competitor Nvidia’s AI execution:
“Nvidia’s done a good job in this space. And they’ve really led the way. And as I like to say, they worked super hard. And they got lucky in really being at the right place at the right time for some of these algorithmic breakthroughs.
“And the AI space is still fairly young. So I think there’s a lot of opportunity for us looking forward. We’re starting to show up, you know, winning customers and getting real enthusiasm, because the market wants alternatives here.”