Intel Reports 15-Year High in Sales Growth Amid 'Unprecedented Demand'

Intel's strong financial performance, marked by a 15-year high in sales growth and "unprecedented demand," has positively impacted the tech sector. This news comes after a challenging day for tech stocks following disappointing earnings from other hyperscalers.

23 Jul, 20:15 — 23 Jul, 20:15

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zerohedgeLow21d ago

Intel Saves The Tech Day, Sees 15-Year High For Sales Growth, "Unprecedented Demand"

Intel Saves The Tech Day, Sees 15-Year High For Sales Growth, "Unprecedented Demand" After a dismal day that saw tech stocks wrecked on the shores of hyperscalers' CapEx and inferred from Alphabet's earnings, tonight sees Intel's Lip-Bu Tan ride to the rescue with better-than-expected second-quarter results on Thursday, notching its fastest revenue growth rate for any quarter since 2011 and issuing guidance that topped expectations. Beat on the top- and bottom-line: Earni...

By Tyler Durden

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Intel Reports 15-Year High in Sales Growth Amid 'Unprecedented Demand'

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Intel Saves The Tech Day, Sees 15-Year High For Sales Growth, "Unprecedented Demand"

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