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Intel stock rises over 30% pre-market in the US
Intel stock futures rise over 30% before the US market open, currently trading at $86.94.
On the news front, the company’s first-quarter earnings report exceeded analyst expectations in both revenue and profit, and provided a better-than-expected second-quarter guidance.
According to reports, Intel stated on Thursday that it expects second-quarter revenue to be between $13.8 billion and $14.8 billion, compared to Wall Street’s previous estimate of $13.03 billion.