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Intel's Stock Surges After Mizuho Upgrade and Q2 Profit
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Intel's stock jumps after Mizuho upgrades it to 'buy' as the company prepares to unveil new data center and AI chips in 2024. Intel reports a surprise profit for Q2 and forecasts better profit margins for Q3. The company's foundry business sees increased revenue, while sales by its data center and AI segment fall. Intel's stock price jumps 6% after-hours following Q2 results.
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How does Intel's foundry business contribute to its overall revenue?
How will Intel's new data center and AI chips impact the market?
What factors contributed to the decline in sales by Intel's data center and AI segment?
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