Intel's Stock Jumps 11% as Chipmaker Rides AI Boom

Intel's Stock Jumps 11% as Chipmaker Rides AI Boom

Intel's stock has jumped 11% after the company reported better-than-expected second-quarter results. The company's revenue growth rate was the fastest in almost 15 years, with revenue reaching $16.1 billion. The company's earnings per share were 42 cents, beating expectations of 21 cents. The company's guidance has also been upgraded, with the company expecting to continue its revenue growth in the coming quarters. The company's stock has risen due to the strong demand for its products, particularly in the AI sector.