Intel stock soars on Q1 earnings
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Intel's first-quarter revenue rose 7% year over year. The company's data center and AI business grew much faster than its overall business. The stock has already had a huge run this year. For a company that has spent years trying to regain credibility with ...
Intel Corp (NASDAQ:INTC, XETRA:INL) shares rose more than 14% afterhours as the company’s first quarter earnings came in ahead of Wall Street expectations and it issued better-than-expected guidance for the current quarter.
Intel shares jumped 14% Thursday afternoon as the chipmaker reported sales far above its forecasts and predicted continued strong demand for its products. The stock was trading at $76.25 a share, the highest point in Intel’s history.
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Intel reported better-than-anticipated first quarter earnings and positive Q2 outlook on Thursday, sending shares soaring as much as 15%. Intel’s Data Center segment powered the
Analysts were expecting Intel’s revenue to decline in the first quarter. Instead it grew — and beat expectations by a wide margin. Intel reported revenue of $13.6 billion for the first quarter, up 7% from the previous year,
In this article, we will look at Jim Cramer’s 5 Stock Calls: Intel and Micron. Please visit Jim Cramer’s 17 Stock Calls: Applied Materials and CoreWeave, if you’d like to see the extended list and methodology behind it.