Intel shares hit record high after Q2 sales forecast of $13.8-14.8 billion beats Wall Street estimates by over $1 billion; chipmaker finally benefits from AI spending boom.

Intel Shares Eclipse Dot-Com Peak After Strong Sales Forecast

Intel Corp. shares hit a record high after the chipmaker delivered a sales forecast that shattered Wall Street expectations, showing that it’s finally benefiting from a boom in AI spending. Revenue will be $13.8 billion to $14.8 billion in the June quarter, the company said Thursday in a statementBloomberg Terminal. Analysts estimated $13 billion on average, according to data compiled by Bloomberg....