STOCKS | Intel Q2 Revenue and Gross Margin Top Estimates, Q3 Outlook Raises Capex to Over $20 Billion

Intel reported second-quarter revenue and gross margin above market expectations, while its data center and AI business rose 59% year over year. According to PANews, the company also raised capital expenditure guidance to more than $20 billion and said its third-quarter outlook continued to exceed market expectations. Intel shares rose as much as 13% after hours before paring gains to about 4%.