Intel looked like a fallen giant. Now it's posting its fastest revenue growth in 15 years.

Business Insider· 5h ago· 4 min read

Intel CEO Lip-Bu Tan Bloomberg/Getty Images Intel posted its strongest revenue growth in more than 15 years. The company's data center and AI business grew 59% as the chipmaker gains AI momentum. The results sent Intel shares soaring in after-hours trading. Not long ago, Intel looked like a fallen giant. Now, the chipmaker has posted its "strongest revenue growth in more than fifteen years," CEO Lip-Bu Tan said Thursday. The company's second-quarter results sent shares up more than 11% in after-hours trading. The company reported revenue of $16.1 billion, up 25% from a year earlier. It also reported adjusted earnings of $0.42 per share, nearly double Wall Street's expectations. The company's data center and AI (DCAI) business — an area where it has struggled to keep pace with category leader Nvidia — grew 59% year over year to $6.3 billion. The results come days after Intel said it was planning layoffs in its data center group as part of an efficiency push. The results suggest Intel

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