Intel Surges in Pre-Market Trading on Strong Q1 Results and Positive Outlook
Intel's stock surged approximately 28% in pre-market trading after reporting stronger-than-expected first-quarter results and issuing an upbeat second-quarter outlook, driven by strong demand for AI-focused data center chips. The company's revenue and earnings exceeded analyst expectations, with revenue reaching $13.6 billion and earnings per share at $0.29.
Topics: AI Demand Company Outlook Earnings Stock Performance Strategic Partnerships