Intel has posted its largest quarterly loss ever, amounting to $16.6 billion, driven by significant restructuring charges. Despite this, Intel's shares surged by 7.5% in premarket trading after the company forecasted fourth-quarter revenue above estimates. The company reported a revenue of $13.28 billion for Q3, which beat expectations by $264 million, although it represented a 6.17% year-over-year decline. Intel's CEO, Pat Gelsinger, expressed optimism about future growth, citing improvements in the AI PC and server business, as well as Intel Foundry. Additionally, Intel's EPS was reported at -$0.46. Mobileye Global, a subsidiary of Intel, also saw its shares rise following Intel's upbeat Q3 earnings. Intel's Gaudi AI chips did not meet the expected sales targets for 2024.