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unprecedented U.S. government stake during the September quarter provided bright spots in Intel's long-running turnaround.The investments have helped its shares double in value this year and outpace gains in AI darling Nvidia, setting a high bar for the company expected to report a 1% drop in third-quarter sales to $13.14 billion according to LSEG data.Joe Tigay, portfolio manager at Intel investor Equity Armor, said investors would be closely looking for progress on the company's broader strategy."Putting all (recent investments) together - What does Intel's big picture look like? What does their cash look like?" Tigay said.CASH BOOST, EARNINGS DILUTIONNvidia said last month it would invest $5 billion in Intel, giving it an about 4% stake after new shares are issued. In August, Intel secured another $2 billion from SoftBank.After U.S. President Donald Trump called for CEO Lip Bu Tan's resignation over China ties, a hastily arranged Washington meeting produced an unusual deal involving the U.S. government taking a 10% stake for $8.9 billion.The moves hand Intel a critical cash lifeline after ousted CEO Pat Gelsinger's manufacturing expansion strained margins following years of missteps.But scant details on the deals have left Wall Street waiting for clarity on their potential benefits.The company is expected to record a per-share loss of 22 cents in the third quarter, and adjusted per-share earnings of 1 cent.Intel's per-share earnings in the September quarter could be impacted by share dilution from the government deal and depending on the close of Nvidia and Softbank's agreements, per-share profit could be hurt in the fourth quarter, said Ryuta Makino, analyst at Intel investor Gabelli Funds."It will lead to dilution, but in my opinion, share dilution is the least of Intel shareholders' worries."PROBLEMS PERSIST BUT END-MARKETS EXPANDINGWhile they're seen as a vote of confidence in Intel's future, analysts and investors agree the recent funding deals don't alleviate Intel's long-standing issues.Intel has been consistently losing share in the personal computer and server central processing unit (CPU) market to AMD, while Arm-based architecture poses a threat to its legacy x86 chip blueprint.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,768.75 -4.50 (-0.07%)Dow Futures47,096.00 -39.00 (-0.08%)Nasdaq Futures25,220.50 -74.25 (-0.29%)Russell 2000 Futures2,486.40 -13.60 (-0.54%)VIX18.16 +0.29 (+1.62%)Gold4,035.20 -73.90 (-1.80%)PortfolioSign in to access your portfolioSign inTop gainersFUN Six Flags Entertainment Corporation 25.63 +3.86 (+17.73%)GM General Motors Company 66.62 +8.62 (+14.86%)VICR Vicor Corporation 65.80 +7.76 (+13.37%)HAL Halliburton Company 25.24 +2.62 (+11.58%)WBD Warner Bros. 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