business / news / / CNBC TV18
Intel shares jump 20% in extended trade after strong AI-led forecast for Q2.Intel's results and subsequent surge afterhours also triggered a similar upmove in its peer AMD, which also surged 7% inextended trading.
Intel forecasted Q2 revenue of $13.8–$14.8 billion, surpassing analyst expectations of $13 billion.
KEY POINTS
- Intel's data center division grew revenue by 22%, driven by increased CPU demand and AI workloads.
- Intel repurchased a 49% stake in its Ireland chip fab from Apollo Global Management to boost capacity.
- Elon Musk acknowledged Tesla may become an Intel customer, with both companies exploring manufacturing efficiencies.
- The Trump Administration is currently the largest shareholder in Intel, with Nvidia and SoftBank also investing.
COMPANIES
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