Global artificial intelligence sentiment received a booster shot as struggling American chipmaker Intel reported a better-than-expected sales forecast.
California-based Intel, which surged almost 25% higher in pre-market trading, revealed a sales forecast of $13.8 billion to $14.8 billion in the June quarter, exceeding Wall Street expectations of $13 billion, Bloomberg reported last night.
Even Finland’s OMX Helsinki 25 index rose 0.83% to 6,271.70 in morning trading despite no direct impact from Intel’s projected expanding sales.
Global investors welcomed the chipmaker’s comeback after a multi-year decline in profitability, which made it even post a net loss in 2025 despite the booming AI industry. The expected reversal uplifted even other semiconductor companies, such as Taiwan-based TSMC, which jumped over 7% amid the festive sentiment today.
Chief Executive Lip Bu Tan commented on the turnaround. “There is huge demand,” he said. “We are working very hard with our team to make sure we deliver.”
Tan, who started in his role in 2025, expects the strong demand for AI processors used to expand and said Intel is “laser-focused” on increasing output.
Intel added that second-quarter earnings will be about 20 cents a share, excluding some items. That is more than double the Wall Street prediction of 9 cents.
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