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Intel Corp.’s (NASDAQ:INTC) blowout first-quarter earnings report is lifting the broader semiconductor space, with shares of Advanced Micro Devices Inc (NASDAQ:AMD) and Arm Holdings PLC – ADR (NASDAQ:ARM) catching a strong sympathy bid in Thursday’s session.
- AMD stock is climbing. See the chart and price action here.
Intel delivered a stunning first quarter beat after the close, posting earnings of 29 cents per share on revenue of $13.58 billion — obliterating Wall Street’s consensus estimates of one cent EPS and $12.42 billion in revenue.
The top-line figure also represents a meaningful year-over-year improvement from the $12.67 billion Intel …
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