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Intel's Stock Rises on Positive Upgrade and Q2 Profit Beat
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Intel's stock jumps after Mizuho upgrades the company to 'buy' and forecasts third-quarter profit above estimates. The chipmaker reported a surprise profit for Q2, beating expectations, and forecasted better profit margins for the third quarter. Intel's foundry business saw increased revenue, while sales by its data center and AI segment fell.
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How does Intel's foundry business contribute to its overall revenue and growth?
How will Intel's upgraded status impact its future performance?
What factors contributed to the decline in sales by Intel's data center and AI segment?
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