Intel shares had rallied on company's strong second-quarter showing. It reported adjusted earnings for the second quarter came in at $0.42 per share, beating analysts' expectations of $0.21 per share. Revenue rose 25% versus a year ago to $16.13 billion, well ahead of the $14.33 billion consensus estimate. For the current quarter, Intel forecast revenue of $15.8 billion to $16.8 billion, above analysts' consensus estimate of $15.1 billion. I think of Intel CPUs as an accessory to the AI buildout," said Gene Munster, Managing Partner at Deepwater Management.