Intel posts 25% revenue jump as AI demand lifts Q2 to $16.1 billion
What's new: Data center revenue surged 59% to $6.3 billion, and Intel forecast third-quarter sales above analyst estimates.
CNBC, The Business Times (Singapore) +2
Subject
#Intel
Broadcom, Apple extend custom chip partnership through 2031
Why it matters: Apple generates about 20% of Broadcom's annual revenue, and Broadcom shares rose more than 5% after the deal.
IBM details 0.7-nanometer chip design aimed at AI-era computing
What's new: IBM said the prototype packs nearly 100 billion transistors and could reach production within five years.
BBC News (World), The New York Times +2
Apple shifts some US chip design and production to Intel
Why it matters: The deal could give Intel a major foundry customer as Washington pushes to expand domestic semiconductor capacity.
Infineon to open 5 billion euro Dresden chip fab on July 2
Why it matters: The EU-backed plant adds power-chip capacity for AI data centers after other European chip projects stalled.
Intel jumps after Bank of America lifts stock to buy
What's new: The move followed a double upgrade from underperform, signaling a sharper turn in analyst sentiment on the chipmaker.
CNBC, MarketWatch
US stocks rise as chip rebound lifts Nasdaq, Intel jumps 8.5%
What's next: Investors are watching Wednesday's CPI report for signs that higher oil prices could feed inflation and keep the Fed hawkish.