Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

It's always good to be with you.

Today is Friday, the 24th of April.

I'm Julie Morgan.

Intel is up 21% in pre-market action.

The semiconductor company reported first quarter results and guidance that

were well above Wall Street's forecast. For the period ending March 28th, Intel said it earned an

adjusted 29 cents per share as revenue rose 7.2% year over year to come in at 13.58 billion. A consensus of analysts expected Intel to earn

an adjusted one cent per share on 12.36 billion in revenue during the quarter. Intel CEO said the

next wave of AI will bring intelligence closer to the end user, moving from foundational models to inference to agentic.

He goes on to say that this shift is significantly increasing the need for Intel's CPUs and

Wifer and advanced packaging offerings. Seeking Alpha analyst Louis Gerard said the results

somewhat delivered, as the company has become the biggest

show me story on the market. He goes on to say that the company is basically cleaning its balance

sheet early, which is not reflected in the non-gap metrics. He said the management is effectively

clearing decks, taking the pain now to potentially show a cleaner

growth in 2027. Looking ahead, Intel expects second quarter revenue to be between 13.8 and

14.8 billion, with the midpoint of 14.3 billion, which is well above the 13.04 billion analysts

were anticipating. It also anticipates earning

an adjusted 20 cents per share compared to the estimates of 9 cents per share. A U.S. Army soldier allegedly

earned over $400,000 on polymarket by trading with classified information about the timing of U.S. military operation

to capture Nicholas Maduro in Venezuela. The Justice Department announced Thursday an indictment

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