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The company announced a new program that could boost profitability longer term.
Intel (INTC 0.63%) recently updated investors with quarterly results, revealing a $10 billion cost-saving program that could boost profits longer term. Intel investors were pleased about the initiative while it remains to be seen how effective it will be.
*Stock prices used were the afternoon prices of Nov. 1, 2022. The video was published on Nov. 2, 2022.
Parkev Tatevosian has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Intel. The Motley Fool recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, short January 2023 $57.50 puts on Intel, and short January 2025 $45 puts on Intel. The Motley Fool has a disclosure policy.
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