Intel set to report strong Q2 earnings after market close, but July slump looms large

Intel forecast crushes estimates as AI boom boosts chip demand; shares jump - The Economic Times

Intel beats Q3 forecasts with +25% Q2 revenue ($16.1B), profit 42 cents vs 21 expected, boosted by agentic AI data center CPU demand. Foundry 14A gains traction: Tesla confirmed, Apple rumors. Capex $18B→$20B signals Intel's viable turnaround against TSMC/AMD.