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Intel delivered the quarter its turnaround case needed, beating its own guidance and the Street on both lines. The headline GAAP loss comes from a non-cash charge on the US government's escrowed shares that grows as the stock rises; the core business is firmly profitable again, with AI compute demand lifting CPUs, advanced packaging and foundry. Catalysts include Xeon 6+ on 18A, Panther Lake in high-volume manufacturing, 18A-P in risk production and over 130 customers testing Core Ultra. x.com
