Intel Stock Jumps on AI-Driven Earnings as China Server CPU Prices Climb Over 40%

Intel stock rose after the company reported second-quarter revenue of $16.13 billion, comfortably ahead of Wall Street estimates of $14.42 billion. Meanwhile, adjusted earnings came in at $0.42 per share, nearly double analysts’ expectations of $0.21.
The company also forecast third-quarter revenue between $15.8 billion and $16.8 billion. This exceeds the consensus estimate of $15.1 billion. Adjusted earnings guidance of $0.38 per share also topped expectations of $0.27.
Intel’s Data Center and AI business generated $6.26 billion in revenue during the quarter, beating analyst forecasts, while adjusted gross margin improved to 41.8%.
The results also prompted Intel to raise its capital expenditure forecast for the year to $20 billion. This is up from $18 billion, showing confidence that demand for AI-related processors will remain strong.
The Intel stock briefly slipped around 5% after CNBC host Jim Cramer posted on X. This revived online discussion of the so-called “Inverse Cramer Effect.” While traders quickly drew comparisons to the long-running market meme, Intel’s subsequent recovery shifted attention back to the company’s improving fundamentals.