Intel's revenue and outlook beat expectations, with its stock rising 13% in after-hours trading.
1 hours ago
Intel (INTC.O) released an unexpectedly strong revenue forecast, indicating that surging data center spending is helping the chipmaker achieve its long-awaited recovery. The company said it expects third-quarter sales to reach $15.8 billion to $16.8 billion. Even the lower end of this range easily exceeds analysts’ average forecast of $15.1 billion. This forecast highlights Intel’s growth momentum among data center customers, who are urgently needing chips to meet AI computing demands. Last quarter, sales in this segment surged 59%, more than twice Intel’s overall revenue growth. After the earnings release, Intel’s stock rose 13% in after-hours trading. Additionally, Intel’s second-quarter revenue of $16.13 billion also exceeded the market expectation of $14.43 billion.
Tesla’s stock plunged more than 14% after its earnings report, with Wall Street citing AI investments as weighing on its profits and cash flow.
9 minutes ago
South Korean stocks open 1.5% lower.
9 minutes ago
Iran rejected the ceasefire proposal put forward by Trump on Thursday.
9 minutes ago
New U.S. tariff policies, coupled with the worsening situation in Iran, have pushed up international oil prices, while tech stock pullbacks have weighed on U.S. stock indexes, dragging them lower.
9 minutes ago
South Korea plans to bring forward the increase in minimum cash margin requirements for single-stock leveraged ETFs.
9 minutes ago
Intel's CFO: Intel plans to significantly increase capital expenditure in 2027.
9 minutes ago
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