Intel Sees Strong Demand Sticking Around -- Market Talk

1052 GMT - Intel posts strong second-quarter earnings, highlighted by significant beats on both its top and bottom lines, Davidson analysts say in a research note. "Management noted on the call that demand continues to exceed supply in all areas of the business (besides PCs) with strong momentum in the company's CPU offerings expected to continue into next year," the analysts write. Looking forward, Intel raised its capital expenditure outlook for the year to be more than $20 billion, around $5 billion higher than was guided last quarter. "We view the aggressive Capex raise as a proof point that Intel is likely to see continued customer acquisition as the United States demands more domestic semiconductor manufacturing," the analysts say. Intel shares rise 4% premarket. (connor.hart@wsj.com)

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July 24, 2026 06:52 ET (10:52 GMT)