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Intel stock jumps 28%, setting a record, after it posts strong Q1 with rising forecasts — Intel says yields are improving faster than expected with new nodes

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Tom's Hardware

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Intel's stock surged by 28% to a record high after a strong Q1 performance exceeding expectations, driven by increased demand for data center CPUs and improved productivity at Intel's fabs. Despite a $3.7 billion loss due to Mobileye goodwill write-downs and restructuring charges, the company reported $1.5 billion in net income on a non-GAAP basis. Intel's revenue reached $13.6 billion in Q1, with notable growth in its Client Computing Group and Data Center and AI segment. The company's Foundry division, while showing revenue growth, posted an operating loss, mainly attributed to ramping up new nodes like 18A. Intel's outlook for Q2 includes modest growth but warns of potential supply constraints impacting PC sales due to memory and SSD shortages.

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