Intel reported a massive net loss on Thursday, weighed down by impairment and restructuring charges, but forecast fourth-quarter revenue above estimates.Shares of Intel jumped 8% in extended trading.

Intel Corp. shares surged after the chipmaker gave a revenue forecast slightly above estimates, sparking optimism that it’s capable of reclaiming some lost market share.

Intel (INTC) reported a third quarter adjusted loss per share of $0.43. In the release, the company states it saw a "$(0.63) impact to non-GAAP EPS attributable to Intel from $3.1 billion of impairment charges.

As one of the largest makers of PC chips, Intel has benefited as the rollout of on-device AI features and a fresh Windows update cycle have renewed demand for PCs after a years-lo

Intel expressed optimism on Thursday about the future of its PC and server businesses, forecasting current-quarter revenue above estimates but warning that it had "a lot of work to do." The chipmaker's shares jumped more than 7% in extended trading,

Intel has also struggled amid a prolonged slump in PC chip sales that’s only beginning to improve and increased competition from AMD ( AMD ). But there’s hope on the horizon, as PC sales are beginning to pick up again, though they fell slightly in Q3, according to Gartner.

Intel appears optimistic heading into the final quarter of its fiscal year. Intel’s (INTC) Q3 2024 earnings report featured not only information about the previous quarter, but the upcoming one. In providing a forecast for Q4,

Intel shares climbed more than 12% in extended trading on Thursday after the chipmaker forecast current-quarter revenue above estimates and beat expectations for the third quarter. Intel reported a massive net loss on Thursday,