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#IntelQ2RevenueSurges25%
Intel had a great second quarter. They made a lot of money $16.13 billion to be exact. This is the revenue growth they have seen in 15 years. It is 25% more than what they made year. People who watch these things were expecting $14.43 billion so Intel did a lot better than that. They also made money per share than people thought they would $0.42 instead of $0.21.
The reason for this is intelligence or AI for short. AI is a deal for Intel. It is making them a lot of money.
* Data Center and AI revenue went up 59% to $6.26 billion. This is a jump.
* Foundry revenue also went up 31% to $5.8 billion.
The CEO of Intel, Lip-Bu Tan said that AI is making people need computers. He also said that it might be hard to get all the parts they need to make these computers. This means that Intel might be able to charge money for them.
Intel thinks they will make a lot of money in the quarter too between $15.8 billion and $16.8 billion. When they said this their stock went up than 13%. This means that people who invest in Intel are happy with what they're doing.
The fact that Intel is doing well with AI is a deal. It means they can compete with companies that make computer parts. Some people think Intel will keep doing because of AI. Others are not so sure they think it might not last.
One thing is for sure Intel is doing a lot better because of AI. They made a lot of money. People are happy, about it. Now we just have to wait and see if they can keep it up.
Intel is a part of the AI story and they are making a lot of money from it.
#Intel #SemiconductorEarnings @Gate_Square