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Intel reported adjusted earnings per share of 29 cents, beating the consensus estimate of 1 cent.
Intel's Q1 Data Center and AI revenue grew 22% year-over-year, indicating strong AI sector demand.
KEY POINTS
- Intel reported Q1 adjusted EPS of 29 cents, far exceeding expectations of 1 cent.
- Intel raised Q2 revenue guidance to up to $14.8 billion, above consensus estimates.
- AMD shares rose over 11% in sympathy with Intel's strong AI and CPU-driven performance.
COMPANIES
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