Intel on Thursday projected second-quarter revenue to exceed Wall Street expectations, highlighting strong demand from data centers for the company's server processors used in artificial intelligence. Intel expects second-quarter revenue to be between $13.8 billion and $14.8 billion, compared to its forecast of $13.07 billion. Intel's adjusted earnings per share guidance for the second quarter was 20 cents, significantly exceeding the expected 9 cents per share.
IntelFollowing the release of their financial reports, several institutions raised their target prices. Among them,JPMorgan ChaseIntel raised its price target from $35 to $45, and TD Cowen raised its price target from $60 to $75.JeffreyBernstein raised its price target from $60 to $80, and raised its price target from $60 to $65.HSBCIts target price was raised from $95 to $100.Morgan StanleyThey raised their target price from $56 to $73.
Editor: Wang Yongsheng
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