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HomeBusinessIntel forecast crushes estimates as AI boom boosts chip demand; shares jump

Intel forecast crushes estimates as AI boom boosts chip demand; shares jump

July 23: Intel forecast quarterly profit and revenue above estimates on Thursday, pushing its shares up 10 per cent in after-hours trade, and boosted spending plans over the next two years as an AI data center buildout increases demand for its central processing units (CPUs). The company expects third-quarte

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