This is bloody good news for Singapore's AEMwhich explains its 20% surge today. I am well vested and sitting on handsome profits. Next target: $7!!!
Intel Reports Strong Q1 2026 Results, Raises Q2 Forecast, and Announces Strategic Partnerships with Tesla, Google, and Nvidia
Intel reported first-quarter 2026 revenue of approximately $13.58 billion, surpassing estimates of $12.42 billion, with adjusted earnings per share of $0.29 beating the expected $0.01. The stock surged 15% after hours. The company forecasted second-quarter revenue between $13.8 billion and $14.8 billion, driven by strong demand for AI-focused server CPUs. CEO Lip-Bu Tan's revival plan includes asset sales, layoffs, and strategic partnerships with Tesla, Google, and Nvidia. Key developments include new manufacturing deals with Tesla using Intel's 14A technology and a factory buyback. Despite challenges in manufacturing technology and AI data center market share, Intel's outlook is positive with support from major partners and government backing. Additionally, Intel's stock surged nearly 19% in after-hours trading, poised for its best post-earnings performance on record, driven by rising demand for AI-related products and new partnerships.
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