Intel’s shares increased by almost 10 percent in Frankfurt on Friday, one day after the company surpassed expectations in its third-quarter earnings due to its radical cost-cutting actions.
The outcomes were the first earnings of the company declared following its multibillion-dollar investments by Nvidia and Japan-based SoftBank and an unprecedented U.S. government stake, as investors expected a significant cash inflow.
Its shares gained approximately 7 percent after-hours trading in the U.S. on Thursday and 9.7 percent on Friday in Frankfurt.
