Intel stocks climb amid strongest revenue since 2008

Intel announced strong financial results for the second quarter, recording the fastest revenue growth since 2011 with an increase of $16.1 billion compared to the expected $14.42 billion. The adjusted earnings per share reached 42 cents, surpassing the predicted 21 cents. The company saw significant growth in server processor sales, up 25%, driven by rising demand for artificial intelligence. The US Secretary of Economy forecasted that Intel will continue to increase its capital spending next year as part of its strategy to transform into a chip manufacturer for other companies. Despite the stock falling 28% in July, it has increased by more than 170% since the beginning of 2026, and it is likely to benefit from a surge in AI-related spending.

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