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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 (NASDAQ:INTC) shares climbed more than 4% in premarket trading on Friday after the semiconductor company posted its fastest quarterly revenue growth in over 15 years and issued stronger guidance for the current quarter, highlighting continued momentum from artificial intelligence investment. The latest results exceeded Wall Street forecasts and reinforced investor confidence that Intel’s turnaround strategy is gaining traction under Chief Executive Lip-Bu Tan.
July 24 (Reuters) - U.S. stock index futures edged higher on Friday after a tech-led selloff in the previous session, as investors weighed fresh earnings, escalating Middle East tensions and a new
U. S. stock futures edged higher on Friday as investors balanced escalating geopolitical tensions in the Middle East against encouraging corporate earnings from the technology sector.
Intel Corp. (NASDAQ:INTC) stock gained in premarket trading on Friday after the chipmaker reported stronger-than-expected second-quarter results and issued third-quarter guidance above analyst estimates. Beats Estimates, Raises Outlook The chipmaker beat second-quarter expectations, with revenue rising 25% year over year to $16.13 billion, above the $14.42 billion estimate. Adjusted EPS of 42 cents doubled estimates of 21 cents, while Data Center and AI revenue jumped 59% and Intel Foundry reven
↗️ Intel (INTC): Shares climbed premarket after the chipmaker reported quarterly revenue well above analyst estimates after hours yesterday. ↗️ SAP SE (SAP): Shares in the German software company rose after it reported higher quarterly revenue from its cloud business.
Stocks stabilized on Friday but were on track for weekly losses as investors assessed a new set of global tariffs against a backdrop of AI jitters, rising oil prices, and elevated bond yields.
Intel Corp. (NASDAQ:INTC) is targeting a staggering $100 billion market for custom artificial intelligence silicon, leveraging its robust x86 computing franchise and advanced manufacturing network as global AI demand skyrockets. The Custom Silicon Push During Intel’s second-quarter 2026 earnings call, CEO Lip-Bu Tan outlined the company’s strategic expansion into purpose-built chips. Recognizing the growing necessity for specialized AI architecture, Tan highlighted Intel’s unique position to dom
Intel bumped its 2026 capex forecast by $2 billion and said it plans to tap capital markets for additional funds.
European equity indexes largely edged higher in early trade after sharp selling in the last session, and oil pared some recent gains.
By Stella Qiu SYDNEY, July 24 (Reuters) - Asian shares sank on Friday as a near 40% rise in oil prices this month due to the intensifying conflict in the Gulf revived inflation fears, rattling bond
Intel Corp (INTC) reports robust financial performance, driven by AI advancements and strategic partnerships, despite industry supply challenges.
Markets were primarily focused on earnings from major companies, alongside rising oil prices due to the continued tensions between the U.S. and Iran.
Intel reported 25% YoY sales growth on the back of favorable AI compute demand trends, reflecting the highest growth rate we've seen from the company in more than a decade.
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
Shashua has been invited to take the chairman of the board seat.
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 ...
Now an AI player, the chip maker is riding strong demand from data centers and hasn’t felt the worst of the memory-chip squeeze.
Chipmaker Reports Strongest Revenue Growth in More Than 15 Years
The print, which also included adjusted EPS of $0.42 against a consensus of $0.21, represented Intel's fastest revenue growth in nearly 15 years and triggered an immediate halo effect across the semiconductor space. Advanced Micro Devices (NASDAQ: AMD) and Arm Holdings (NASDAQ: ARM) are direct beneficiaries: both compete and, in AMD's case, increasingly cooperate with Intel in the server CPU market that is driving the current demand surge, and a strong Intel quarter raises the revenue ceiling fo
Intel smashed Wall Street's targets for the second quarter and with its guidance for the third quarter. Intel stock jumped on the news.
Data Center and AI revenue climbed 59%, while stronger factory yields supported higher chip volumes. A mark-to-market charge tied to government escrowed shares produced an $11 billion GAAP net loss.
The Nasdaq undercut key levels as Google and Tesla led titans lower while oil prices soared. A big SpaceX launch is due.
Intel (INTC) reported second-quarter results ahead of Wall Street's estimates late Thursday, with th