finance.yahoo.com

Intel shares jump 3.6% on Nvidia optimism and strong Data Center results

Intel logoIntel
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NVIDIA logoNVIDIA
Sig1.45Sen+2.05Env0.00Soc0.00Gov0.00

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.

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