Intel Shares Surge 15% After Strong Revenue Forecast Driven by AI Demand
Key Points: Intel forecast second-quarter revenue between $13.8 billion and $14.8 billion, easily beating Wall Street expectations. Shares of the chipmaker surged 15% in extended trading, adding $49 billion to its total market value. CEO Lip-Bu Tan orchestrated a massive revival plan involving asset sales, layoffs, and strategic partnerships. Intel recently secured Tesla as its very first major customer for the next-generation 14A chip manufacturing...