ETFs in Spotlight as Intel Beats Q3 Earnings on Lower Restructuring Costs
INTC's Q3 beat, aided by lower restructuring costs and rising AI demand, is putting ETFs like FTXL and FPEI with massive exposure to the chipmaker in focus.
The Nvidia-backed company intends to use the proceeds for general corporate purposes, including the repayment of outstanding debt and covering fees and expenses related to the offering.