Intel stock jumps as cloud pushes quarterly revenue higher than $20 billion for first time

Intel stock

Intel stock is surging today, being among the most active stocks for the US stock market.

” Intel INTC, +8.49%  shares rose 5.5% in premarket trade Friday, after the company said it expects adjusted earnings of $1.30 a share on revenue of about $19 billion for the first quarter, and $5 a share on revenue of about $73.5 billion in 2020. Analysts surveyed by FactSet had forecast earnings of $1.04 a share on revenue of $17.25 billion for the first quarter, and $4.66 a share on revenue of $72.41 billion for the year.”, source: MarketWatch

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