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.