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Intel Saves The Tech Day, Sees 15-Year High For Sales Growth, "Unprecedented Demand"
['Tyler Durden']
Zero Hedge
Analysts were expecting revenue of $15.1 billion and EPS of 27 cents, according to consensus.
"AI is driving unprecedented demand for compute," CEO Lip-Bu Tan said in the statement.
"As we continue to execute, Intel is well-positioned to capture sustainable growth across our CPU franchise."
INTC is up around 10% from the close...And that narrative-confirmer is pulling all of tech higher (Nasdaq futs)...
Finally, however, Intel did not reveal a major customer for its foundry, as investors and potential customers keep waiting.