Intel surges as job-cut plans meet with Wall Street's approval

Oct. 28, 2022 9:55 AM ETIntel Corporation (INTC)By: Rex Crum, SA News Editor58 Comments

Entrance of The Intel Museum in Silicon Valley.

JHVEPhoto/iStock Editorial via Getty Images

Intel (NASDAQ:INTC) shares surged more than 10% Friday as investors got behind the semiconductor following its plans to shed jobs and better-than-expected earnings report.

Late Thursday, Intel (INTC) Chief Executive Pat Gelsinger said on a

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