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Bloomberg Audio Studios, Podcasts Radio News.

This is Bloomberg Business Week with Carol Masser and Tim Stenevec on Bloomberg Radio.

We want to get to some earnings because we're seeing some stocks move here in the aftermarket.

Intel shares, they are right now up about 2%.

This is as we got in terms of some of the big headlines from Intel C's first quarter adjusted gross margin of 36%.

That's below what the street was forecasting of about 39.3%.

Go back to the fourth quarter, the last quarter.

Revenues, that was a beat, 14.26 billion versus an estimate of 13.81 billion and again

talking about first quarter revenue some forecasts here a bit of a range 11.7 billion to 12.7

billion and that Tim compares with the street estimate of 12.85 billion but again right now we're

seeing Intel up about 2 percent I know they also talked about in terms

of some spending, right? And I think basically saying they will not be spending speculatively. So I feel

like some of that plays to maybe some of the commentary we've had about the AI spend, maybe a rethink

this past week. A reminder, too. They're also looking for a new CEO at this point to take

over for Pat Gelsinger who left at the end of last year. For more, let's go to Jackie Davalos.

She's in our San Francisco Bureau. She's been following this company and these numbers closely.

Jackie, how is the turnaround going?

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