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'Unprecedented Demand' Has Intel Stock Soaring After Its Latest Earnings Report [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Intel reported first-quarter earnings that topped analysts' estimates and gave a better-than-expected outlook. Executives pointed to booming AI demand for the strong results, and improvements in Intel's supply. Intel's stock is soaring after the latest promising evidence of a turnaround for the chipmaker. Shares of Intel ( INTC ) were up over 19% in extended trading Thursday, suggesting a jump to record highs—and above a high-water mark set in 2000— after the company reported earnings that were above analysts' estimates and gave a better-than-expected outlook driven in large part to AI-driven demand. Intel posted first-quarter earnings per share of 29 cents on a 7% year-over-year rise in revenue to $13.6 billion. Analysts surveyed by Visible Alpha on average expected adjusted earnings of 2 cents per share on revenue of $12.39 billion. CFO David Zinsner said the results reflected growing and "unprecedented demand" for chips to support AI, as well as improvements in the the com
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