Intel Corp.’s first-quarter results weren’t pretty, but do they signal a brighter future ahead?
Shares of Intel INTC, which have declined following 10 of the company’s last 11 earnings reports, were up 5% in premarket trading Friday, even as the company generated its worst quarterly loss yet and sported what Bernstein analyst Stacy Rasgon described as “admittedly horrible” gross margins that could have farther to fall.
“Intel…
