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Intel Stock Rises on Revenue Beat as CEO Search Takes Center Stage

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Intel shares climbed 1.7% in premarket trading on Friday following better-than-expected quarterly revenue, despite the company’s ongoing struggles in the AI-driven chip market. Investors remain focused on Intel’s search for a new CEO after the abrupt departure of Pat Gelsinger, whose four-year turnaround plan was cut short amid persistent challenges.

While Intel’s revenue exceeded modest expectations, its forecast for the current quarter fell below estimates. Analysts at Bernstein noted that investors have become “numb” to Intel’s struggles, suggesting that leadership changes are now the primary concern rather than financial performance.

The company has appointed CFO David Zinsner and senior executive Michelle Johnston Holthaus as interim co-CEOs while the board seeks a long-term replacement. Meanwhile, Intel continues to lose market share to competitors like Advanced Micro Devices (AMD), particularly in the AI sector, where it missed key investment opportunities, including OpenAI.

With AI chip demand soaring, companies are prioritizing specialized processors over traditional server chips, further limiting Intel’s growth. Analysts at Jefferies remain skeptical about Intel’s ability to turn things around, citing its struggling foundry business and lack of major customers.

Despite these challenges, Intel’s stock has fallen 60% over the past year, while AI chip leader Nvidia has surged 171%. As the CEO search progresses, investors will be looking for a strategic vision that can help Intel regain its competitive edge.

Samsung Faces AI Chip Sales Slowdown Amid U.S. Export Restrictions

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Samsung Electronics warned on Friday that its AI chip sales will be sluggish in the first quarter due to U.S. export restrictions on China, as well as a shift in demand toward more advanced chips. The company is working to launch an improved version of its high-bandwidth memory (HBM) chips in March to address these challenges.

Samsung’s struggles are compounded by its reliance on Chinese customers, who accounted for about 20% of its HBM sales. The U.S. government’s expanded restrictions on semiconductor exports have put additional pressure on the company, unlike its competitor SK Hynix, which remains Nvidia’s primary supplier of HBM chips for AI applications.

Kim Jae-june, Samsung’s executive vice president of memory, acknowledged that “temporary restrictions” would impact HBM sales but expressed optimism about future improvements. Meanwhile, Nvidia CEO Jensen Huang recently indicated that Samsung needs to “engineer a new design” to meet Nvidia’s standards.

Despite these efforts, Samsung reported a 29% decline in operating profit for Q4, totaling 6.5 trillion won ($4.48 billion). The company also faces headwinds in the mobile market, where competition from Apple and Chinese rivals has eroded profits. Samsung’s decision to use Qualcomm processors for its entire Galaxy S25 lineup, instead of its in-house Exynos chips, represents another setback for its semiconductor division.

While AI-driven demand for memory chips is expected to recover from Q2 onward, Samsung’s long-term performance will depend on its ability to mass-produce advanced 12-layer HBM3E chips for Nvidia.

 

Lawmakers Urge Trump to Consider New Curbs on Nvidia Chips Used by China’s DeepSeek

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U.S. lawmakers are calling on President Donald Trump’s administration to consider imposing new export controls on Nvidia’s AI chips, particularly the H20 model, which they allege is being used by China’s AI company DeepSeek. Republican John Moolenaar and Democrat Raja Krishnamoorthi, co-chairs of the House of Representatives Select Committee on China, sent a letter to National Security Advisor Michael Waltz urging a review of the U.S. export control system.

The lawmakers expressed concern that the H20 chip, which is not currently covered by existing U.S. export restrictions, is being used in DeepSeek’s newly released sophisticated AI model. This comes amid growing concerns in Washington over China’s rapid advancements in AI. DeepSeek, which recently launched a free AI assistant, claims its technology uses significantly less data and is far more cost-effective than incumbent models, potentially marking a shift in the AI investment landscape.

In addition to the lawmakers’ letter, the U.S. House of Representatives’ Chief Administrative Officer notified offices not to use DeepSeek’s technology, citing an ongoing review. The U.S. government has long been concerned that China could leverage AI for cyberattacks or even bioweapons development, prompting former President Joe Biden to initiate measures to limit China’s access to AI chips.

Nvidia responded, stating that its products comply with all U.S. regulations and that the company is open to collaborating with the administration on AI-related matters.