Intel Reports Strong Q1 Earnings and Outlook, Driving Stock Higher
Intel's stock rose 24% after the company reported Q1 earnings that exceeded expectations and provided stronger-than-anticipated Q2 guidance, driven by robust data center sales. The company reported $13.6 billion in revenue and $0.29 EPS, surpassing Wall Street estimates of $12.36 billion and $0.01, respectively. Intel's Data Center and AI business revenue of $5.1 billion also exceeded expectations.
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Topics: AI Data Center Earnings Revenue Guidance Stock Price Movement