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Intel rises as strong forecasts signal AI boost for turnaround
Reuters22d agoneutral
Intel rises as strong forecasts signal AI boost for turnaround

Intel's shares rose 6% in premarket trading on Friday after bullish forecasts signaled the AI boom was propelling ‌the chipmaker's long-awaited turnaround. The company forecast third-quarter revenue above Wall ‌Street expectations and raised this year's capital expenditure estimate to $20 billion from $18 billion. Intel's improving outlook ​reflects growing adoption of its data center central processing units (CPUs) by customers building infrastructure for artificial intelligence, as CEO Lip-Bu Tan works to position the company as a broader beneficiary of AI-driven semiconductor demand despite Nvidia's lead ‌in accelerator chips.

Intel Q2 Earnings Call Highlights
MarketBeat23d agoneutral
Intel Q2 Earnings Call Highlights

Intel (NASDAQ:INTC) executives said the company delivered another quarter above its financial outlook, as demand for client and data center products continued to exceed available supply and management moved to increase capital spending to support future growth. Chief Executive Lip-Bu Tan said secon

Intel and AMD just got leverage they haven't had in years
TheStreet23d agoneutral
Intel and AMD just got leverage they haven't had in years

Intel and Advanced Micro Devices are signing longer-term purchase agreements with Chinese server customers as data center processor prices surge, according to a Reuters report citing people familiar with the talks. Server CPUs have spent years as the dependable, easy-to-source layer of an AI data ...

Intel second quarter earnings top estimates on AI-driven demand growth
Proactive23d agoneutral
Intel second quarter earnings top estimates on AI-driven demand growth

Intel Corp (NASDAQ:INTC, XETRA:INL) shares jumped nearly 11% in after-hours trading after the chipmaker reported second quarter results that exceeded Wall Street expectations, driven by stronger demand across its data center and client computing businesses and a better-than-expected outlook for...

Intel CFO David Zinsner Said Supply Would Improve 'Through the Rest of the Year' — Q2 Earnings Will Test That
Benzinga23d agoneutral
Intel CFO David Zinsner Said Supply Would Improve 'Through the Rest of the Year' — Q2 Earnings Will Test That

Intel Corp (NASDAQ:INTC) reports second-quarter financial results Thursday after the closing bell, with investors expected to look for updates on whether the company has started easing the supply constraints that executives said limited revenue in the first quarter. Supply Limited Revenue in Q1 During the first-quarter earnings call in April, CEO Lip-Bu Tan said demand continued to outpace supply across Intel’s businesses, particularly for Xeon server CPUs, even as the company expanded factory o

Intel earnings loom as investors watch jobs data and corporate results
Yahoo Finance Video24d agoneutralVIDEO
Intel earnings loom as investors watch jobs data and corporate results

Asking for a Trend Host Josh Lipton lays out what investors need to watch on Thursday, July 22, including key earnings reports from Intel (INTC), RTX Corporation (RTX), T-Mobile US Inc (TMUS), along with the latest reading on initial jobless claims as markets look for clues on the health of the economy.