Intel shares jump 3.6% on Nvidia optimism and strong Data Center results
Intel shares rose about 3.6% to $91.37 as Nvidia’s bullish forecast sparked gains across supplier and partner networks. The rally followed Intel’s second-quarter results, with Data Center and AI revenue up 59% to $6.3 billion, Foundry revenue up 31% to $5.8 billion, and total sales up 25% to $16.1 billion. Rack-scale inference links Intel Xeon with Nvidia Blackwell GPUs, but valuation implies investors expect more than association.