Intel's Turnaround Story Shows Signs of Life as Stock Stabilizes Ahead of Earnings.

Intel's stock rose by 5% after the company posted its biggest-ever quarterly loss amid a slump in PC demand. Intel CEO Pat Gelsinger said that investors are seeing "green shoots" in the company's turnaround story, pointing to signs of a bottom in the PC market and better execution in building a pipeline of faster chips for customers. However, many analysts say some of those "green shoots" are still hard to find, with the company seeing sales plunge 36% from the year-ago period on tepid PC sales and continued market share loss to rival AMD in the data center business.