Intel Gives Strong Outlook in Sign of Payoff From AI Spending
Intel Corp. gave a strong sales forecast for the current period, signaling that the struggling chipmaker is finally beginning to benefit from the giant build-out of artificial intelligence infrastructure.
Intel Shares Soar on AI Outlook
- Intel forecasts Q2 revenue above estimates, shares up 19% RTE —
- Intel shares jump 20% as it predicts revenue surge from AI data centres Irish Times —
- Intel CEO Lip Bu Tan crushed Wall Street targets on his 1-year anniversary: We are embracing our ‘paranoid’ roots Fortune —
- Intel gives strong AI-fuelled sales forecast, sending shares soaring The Straits Times —
- Intel's data center and AI revenue jumps 22% as quarterly sales top Wall Street estimates Quartz —