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Intel Rebounds with Q2 Profit Beat, Upbeat Q3 Guidance

  • Intel reported stronger-than-expected Q2 results, returning to profitability after two quarters of losses.
  • Intel's Q2 earnings and revenue exceeded analyst estimates, with significant growth in AI chip sales.
  • Intel forecasts continued margin improvement in Q3 as the PC market decline shows signs of easing.
  • Analysts remain cautious on Intel's structural challenges but see positives in its earnings rebound and outlook.
  • Intel's stock jumped on the results, lifting shares of competitors, as optimism grows the PC downturn is ending.
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