Intel forecasts second-quarter revenue above estimates, shares jump 19%
Intel forecast second-quarter revenue above Wall Street expectations on Thursday, underscoring booming demand for the company’s server processors used for artificial intelligence in data centers.
Shares of Intel surged 19% in extended trading, adding $64 billion to its market value and extending its 81% rebound so far this year. Nasdaq futures rose 0.3%, showing traders expect the tech-heavy index to rise in Friday’s session.
