Intel Rallies on Blowout 2Q Beat -- Market Talk
Dow Jones2026/07/23 20:331633 ET - Intel shares are rallying more than 10% after-hours, driven by a blowout beat in the second quarter. Adjusted per-share earnings were 42 cents, nearly double Wall Street's expectations of 22 cents, according to FactSet. Revenue rose 25% to $16.1 billion vs. a consensus estimate of $14.43 billion. The strength from Intel, which it attributed to robust AI compute demand, follows a tough day for Wall Street's tech investors: the Nasdaq closed Thursday down 2.2%, driven by worries about AI spending projections from Tesla and Google parent Alphabet. (elias.schisgall@wsj.com)
(END) Dow Jones Newswires
July 23, 2026 16:33 ET (20:33 GMT)
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