Intel reported a fourth-quarter loss on Tuesday, but better than expected revenue as the US chip giant continues to struggle to stake its place in the artificial intelligence revolution.

The company posted a net loss of $126 million for the quarter ending December 28, compared to a profit of $2.67 billion in the same period last year.

Revenue declined seven percent to $14.3 billion, which was slightly better than expected by analysts.

The company's share price rose two percent in after-hours trading following the earnings release.

"While Intel's revenue decline remains concerning, the overall results came in ahead of the most pessimistic forecasts, possibly propped by broader market and geopolitical factors," said Emarketer analyst Jacob Bourne.

For the full year 2024, Intel recorded a substantial net loss of $18.8 billion,........

© International Business Times