INTC Stock Alert: The $1 Billion Reason Intel Closed Up Today

Intel (NASDAQ:INTC) is best-known as a hardware company. However, news today around its push into software sent INTC stock nearly 3% higher to close out Friday trading. According to CTO Greg Lavender, Intel could see as much as 1billionincumulativerevenuefromitssoftwarebusinessby2027.Thatwouldbeastarkimprovement,giventhatthecompanymaderoughly1 billion in cumulative revenue from its software business by 2027. That would be a stark improvement, given that the company made roughly 100 million in revenue in this segment in 2021. Intel’s push into AI services, performance, and security will help it diversify its revenue in ...