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Intel's stock rose by approximately 15% in after-hours trading following its earnings announcement.
Intel reports that its progress on the 18A and 14A manufacturing process nodes is ahead of expectations.
Elon Musk stated that his company will use Intel's 14A manufacturing process.
CoinShares launched the world's first Bitcoin ETP in 2015.
CoinShares has remained profitable through every market cycle, including the 2022 downturn.
Demand for server CPUs is experiencing a resurgence driven by agentic AI and inference workloads.
Intel's PC client segment delivered a surprisingly strong performance, beating expectations despite concerns about memory constraints.
Intel achieved a gross margin beat due to higher demand allowing for increased factory utilization.
It will take at least one to two years for revenue from Intel's external foundry customers to be incorporated into financial estimates.
Intel forecasts that the PC market will decline in the second half of the year.
Intel's AI business grew by double digits year-over-year.
Intel expects its Data Center and AI (DCAI) group to continue growing at a double-digit year-over-year rate.