Investors Are Gobbling Up Shares of These 10 Firms

3. Intel Corporation (NASDAQ:INTC)

Intel Corp. extended its winning streak to a third straight day on Tuesday, adding 7.81 percent to close at $22.08 apiece as investors turned optimistic about the company’s turnaround plan.

Its new CEO, Lip-Bu Tan, has been working on turning  Intel Corporation (NASDAQ:INTC) to profitability, with the company said to have stopped accepting new projects unless they can demonstrate a projected gross margin of at least 50 percent.

Under his watch, any product projected to generate less than 50 percent gross margin will not move forward or receive engineering resources.

Additionally, Tan is reportedly reviewing—and potentially cancelling or restructuring unprofitable deals with other companies.

Since heading Intel Corporation (NASDAQ:INTC) earlier this year, Tan immediately restructured the company’s workforce and leadership, continuing the layoff of 15,000 employees.

Intel Corporation (NASDAQ:INTC) was reportedly looking to cut its workforce by 20 percent to reduce bureaucracy and refocus on engineering.

In the first quarter of the year, Intel Corporation (NASDAQ:INTC) widened its attributable net loss by 115 percent to $821 million from the $381 million in the same period last year. Net revenues were flat at $12.7 billion.