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Intel Jumps 31% As Revenue Forecast Tops Expectations, Signals AI Demand Surge [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The company guided June-quarter revenue to a range of $13.8 billion to $14.8 billion, well above the roughly $13 billion consensus, a gap that appears to have reset expectations almost overnight. Shares surged as much as 31% in premarket trading following the release, putting the stock on track to revisit levels last seen roughly 26 years ago, extending an already strong 81% gain year to date. Management also projected second-quarter earnings of about 20 cents per share, ahead of estimates near 9 cents, reinforcing the view that operational improvements under CEO Lip-Bu Tan could be starting to show up in the numbers. Warning! GuruFocus has detected 7 Warning Signs with INTC. Is INTC fairly valued? Test your thesis with our free DCF calculator. What stands out in the quarter is how demand is evolving. Intel's Xeon server processors are seeing renewed traction as companies push deeper into AI deployment, particularly as they attempt to translate infrastructure spending into reven
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