Intel Stock Jumps Ahead of Earnings as Google AI Deal Expands

EarningsProduct / Tech
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Summary · why it matters

Intel shares climbed about 3% on Monday as investors returned to semiconductor stocks ahead of the chipmaker's second-quarter earnings report later this week, while an expanded artificial intelligence partnership with Google Cloud also supported sentiment. Intel is scheduled to report quarterly results on July 23, with Wall Street expecting earnings of $0.19 per share on revenue of $14.4 billion, compared with a loss of $0.10 per share and revenue of $12.86 billion in the year-earlier quarter. Separately, Intel said it expanded its multi-year collaboration with Alphabet's Google Cloud to accelerate AI adoption across its business, planning to deploy Gemini Enterprise across engineering, supply chain and corporate operations while using Google Cloud infrastructure to power AI agents, automate workflows and support chip development. The partnership also includes AI tools for software development, marketing and communications. Intel outperformed the broader technology sector, which rose less than 1% on Monday, and recent analyst sentiment has improved, with Susquehanna, KeyBanc and UBS raising their price targets this month while maintaining their respective ratings.

Impact on stocks 4

Financials▲ · 2 stocks
Semiconductors▲ · 1 stocks
Intel Corporation
INTC
▲ PositiveDemandrelevance

Expanded AI partnership with Google Cloud to deploy AI across operations, boosting sentiment ahead of earnings.

Artificial Intelligence▲ · 1 stocks
Alphabet Inc Class C
GOOG
▲ PositiveDemandrelevance

Expanded AI partnership with Intel, deploying Gemini Enterprise and using Google Cloud infrastructure, indicating increased adoption of Google's AI services.

Theme Impact 2

Off-coverage companies 1

Susquehanna International GroupPrivate± Mixed
relevance

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