(Reuters) -Intel’s third-quarter results on Thursday will show whether a clutch of recent high-profile investments can shore up its strained finances as new CEO Lip-Bu Tan attempts to revive the ailing chipmaker.

Multi billion-dollar investments from Nvidia and Japan’s SoftBank as well as an unprecedented U.S. government stake during the September quarter provided bright spots in Intel’s long-running turnaround.

The investments have helped its shares double in value this year and outpace gains in AI darling Nvidia, setting a high bar for the company expected to report a 1% drop in third-quarter sales to $13.14 billion according to LSEG data.

Joe Tigay, portfolio manager at Intel investor Equity Armor, said investors would be closely looking for progress on the company’s broader strategy

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