's (NASDAQ: INTC) stock jumped 9% on Oct. 27 after it posted its third-quarter earnings report. The chipmaker's revenue fell 8% year over year to $14.2 billion but exceeded analysts' expectations by $560 million. Its adjusted earnings grew 11% to $0.41 per share and also cleared the consensus forecast by $0.19 per share.

Intel's revenue is still declining year over year, but its stock has already risen about 34% in 2023 in anticipation of the PC market's cyclical turnaround. Does this chip giant still have room to run, or it too late to hop aboard the bullish bandwagon?

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Source Fool.com