Stocks rallied on Friday due to cooler inflation readings for September. Intel stood out with positive Q3 results, reaching a one-year high of $41 per share. The company reported net income of $4.06 billion, but much of it came from one-time gains. Intel’s AI products and collaborations are driving growth, with Q3 sales rising 3% to $13.65 billion. Q4 revenue is projected at $12.8 to $13.8 billion, and EPS at $0.08. Intel expects full-year sales to dip 2% in FY25 but rebound by 3% in FY26 to $53.76 billion. The company’s annual EPS is expected to swing to $0.12 in FY25 and $0.64 in FY26. Despite the positive results, Intel remains cautious, landing a Zacks Rank #3 (Hold).

A semiconductor stock recommended by Zacks Investment Research is positioned for growth in the AI, machine learning, and IoT markets. With strong earnings growth and a growing customer base, this company is poised to benefit from the projected explosion in global semiconductor manufacturing from $452 billion in 2021 to $971 billion by 2028.

Read more at Nasdaq: Buy Intel Stock After Favorable CPI Data & Q3 Earnings Beat?