Intel reported a strong Q3 financial performance, but analysts warn of risks due to struggling manufacturing business. Stock rallied, but concerns remain. Revenue and earnings beat expectations, with improvement seen after cash infusion from US government, SoftBank, and Nvidia. Intel’s foundry services segment saw losses narrow, but challenges remain in attracting external customers.CEO remains optimistic about future prospects. Manufacturing arm crucial for US supply chain but lags behind TSMC. Analysts skeptical about profitability and suggest divestment. Intel’s ambitious plan to catch up on manufacturing faces challenges, with lower yields and uncertain demand. Analysts remain cautious on Intel’s stock due to slow adoption of new nodes and foundry competition.

Read more at Yahoo Finance: Intel’s key business is nowhere near a turnaround