Intel shares surged in late trading after the company’s revenue forecast dramatically outpaced estimates, signaling progress in its turnaround. CEO Lip-Bu Tan attributed the strength to data center demand that is outpacing current supply, suggesting continued momentum from the chip cycle.
Intel shares surged in late trading after the company’s revenue forecast dramatically outpaced estimates, signaling progress in its turnaround. CEO Lip-Bu Tan attributed the strength to data center demand that is outpacing current supply, suggesting continued momentum from the chip cycle.
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strongly positive
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0.60
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