Intel stock was wavering Thursday after the chip maker gave a softer-than-expected revenue forecast for the March quarter. Meanwhile, Intel’s interim co-CEOs told Barron’s there was no update around timing for the completion of the company’s permanent CEO search.

Intel shares rose 1.7% premarket on Friday as the chipmaker's quarterly revenue beat low expectations and investors focused on its search for a new CEO to steer the company through one of its most difficult periods.

Shares of Intel Corp. (INTC) were in focus on Wednesday ahead of the chipmaker’s fourth quarter results, which are scheduled for Thursday after the bell. Intel's stock price fell nearly 0.2% during mid-day trade.

The company reported earnings before certain costs such as stock compensation of 13 cents per share, squeezing past Wall Street’s consensus estimate of 12 cents per share. Revenue for the quarter came to $14.26 billion, up 7% from a year ago and ahead of the Street’s target of $13.81 billion.

Amid talk of "splits, saviors, and deals," Intel will deliver its first earnings report since Pat Gelsinger left as CEO.

Former Intel ( INTC, Financials) Chief Executive Pat Gelsinger revealed that he has acquired shares of Nvidia ( NVDA, Financials) and other artificial intelligence-related stocks, citing recent advancements in AI model training.

Following the debut of the Intel Panther Lake chip later in 2025, Intel will launch Nova Lake to begin shipping in 2026.

Michelle Johnston Holthaus, Intel’s co-CEO and then executive vice president and general manager of the company’s Client Computing Group, holds a Intel Core Ultra processor as she speaks during the Intel AI Everywhere event in New York on Thursday, Dec. 14, 2023.

Intel Corp. reported better-than-projected fourth-quarter revenue, while the semiconductor maker cautioned that its push to become more competitive is still a work in progress.

Pat Gelsinger, who retired from Intel last year, said that if he were still leading the company, he would be open to working with DeepSeek.

Intel reported a fourth-quarter loss on Tuesday, but better than expected revenue as the US chip giant continues to struggle to stake its place in the artificial intelligence revolution.