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Intel Shares Soar On Strong AI-Fueled Outlook, Surpassing August 2000 Peak [zero hedge]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Intel Shares Soar On Strong AI-Fueled Outlook, Surpassing August 2000 Peak Chipmaker Intel, which less than a year ago was trading like a distressed company, and required a capital infusion from the US government, and earlier today hit a 90x forward PE... ... soared after hours after giving a strong sales forecast for the current period, signaling that the recently struggling chipmaker is finally beginning to benefit from the giant build-out of artificial intelligence infrastructure. But before we get there, here is a quick look at what the company reported for the first quarter: Adjusted EPS 29c vs. 13c y/y, beating estimate 1.0c Revenue $13.58 billion, +7.2% y/y, beating estimates of $12.36 billion Intel Products revenue $12.78 billion, +8.7% y/y, beating estimate $11.53 billion Client Computing revenue $7.73 billion, +1.3% y/y, beating estimate $7.1 billion Datacenter & AI revenue $5.05 billion, +22% y/y, beating estimate $4.41 billion Intel Foundry revenue $5.42 billion, +16% y/y,
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