Live markets: Bitcoin slides as stocks slump on Iran war expansion, AI spending concern
abstrak:Intel surged 8% in after-hours trading after reporting second-quarter revenue of $16.1 billion, up 25% year over year and beating expectations, marking its fastest quarterly growth in over 15 years. The chipmaker's Data Center and AI segment jumped 59%, while adjusted earnings came in at $0.42 per share. CEO Lip-Bu Tan credited AI demand for fueling growth across Intel's processor, foundry, and advanced packaging units. The company also issued a strong current-quarter outlook, forecasting $15.8 billion to $16.8 billion in revenue and adjusted earnings of $0.38 per share, helping calm tech investor sentiment after a tough session.
Intel jumps 8% as revenue tops estimates on AI-driven demand
Chipmaker Intel (INTC) rose about 8% in after-hours trading after reporting second-quarter revenue that beat expectations, helped by strong demand for AI computing and data center chips.
The semiconductor giant posted $16.1 billion in revenue, up 25% from a year earlier, marking its fastest quarterly growth in more than 15 years. Adjusted earnings came in at $0.42 per share, while revenue was driven by a 59% jump in the company's Data Center and AI business.
CEO Lip-Bu Tan said AI demand continues to fuel growth across Intel's processor, foundry and advanced packaging businesses.
Intel also issued an upbeat outlook for the current quarter, forecasting $15.8 billion to $16.8 billion in revenue and adjusted earnings of $0.38 per share.
The strong report eased sentiment in tech stocks after a bruising session. Nasdaq 100 futures rebounded from the lows, trimming losses to about 1.6%.
Disclaimer
Ang mga pananaw sa artikulong ito ay kumakatawan lamang sa mga personal na pananaw ng may-akda at hindi bumubuo ng payo sa pamumuhunan para sa platform na ito. Ang platform na ito ay hindi ginagarantiyahan ang kawastuhan, pagkakumpleto at pagiging maagap na impormasyon ng artikulo, o mananagot din para sa anumang pagkawala na sanhi ng paggamit o pag-asa ng impormasyon ng artikulo.
