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Intel's Stock Price Revised

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Intel's Stock Price Revised
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Poin Utama

  • Intel's second-quarter revenue was $16.1 billion
  • Data center sales increased by 59%
  • JPMorgan analyst raised Intel stock price target to $85

Dalam Angka

$16.1 billion59% increase$85

Intel announced its second-quarter earnings report and showed a performance above expectations. The company's revenue was announced as $16.1 billion, which is above the company's guidance. Intel's data center sales showed a 59% increase compared to the previous year.

Intel CEO Lip-Bu Tan stated that the company saw strong demand, which increased interest in the company's central processing units. JPMorgan analyst Harlan Sur raised the Intel stock price target from $45 to $85.

Intel's strong performance caused the company's stock price to increase by 350% in the last 12 months. The company is expected to show strong performance in the future.

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Pertanyaan Umum

How was Intel's second-quarter revenue?
Intel's second-quarter revenue was announced as $16.1 billion, which is above the company's guidance.
How did data center sales perform?
Data center sales showed a 59% increase compared to the previous year.
How much did JPMorgan analyst raise Intel stock price target?
JPMorgan analyst Harlan Sur raised the Intel stock price target from $45 to $85.

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