Intel Reports Fastest Revenue Growth in 15 Years Driven by AI Demand
Intel's shares jumped after the company reported its fastest revenue growth in 15 years, surpassing Wall Street estimates. This surge is attributed to the booming demand for AI technology, signaling a significant turnaround for the company.
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Intel looked like a fallen giant. Now it's posting its fastest revenue growth in 15 years.
Intel CEO Lip-Bu Tan Bloomberg/Getty Images Intel posted its strongest revenue growth in more than 15 years. The company's data center and AI business grew 59% as the chipmaker gains AI momentum. The results sent Intel shares soaring in after-hours trading. Not long ago, Intel looked like a fallen giant. Now, the chipmaker has posted its "strongest revenue growth in more than fifteen years," CEO Lip-Bu Tan said Thursday. The company's second-quarter results sent shares up more than 11% in a...
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