Intel stock soared 8.8% in after-hours trading following an impressive second-quarter report that exceeded market expectations. The company posted a 25% jump in revenue, the highest increase it has seen in more than a decade and a half.
The surge was driven largely by a 59% revenue increase in Data Center and AI segments, reflecting a sharp rise in demand for AI compute power. also Intel Foundry's revenue climbed 31%, supported by key milestones reached in production at the Intel 18A node.
Intel is clearly ramping up its AI infrastructure and manufacturing capabilities to keep pace with the accelerating market. This momentum contrasts with other tech firms facing challenges despite revenue growth, as seen with SAP's stock drop despite cloud ERP gains.
