Intel stock jumps 389% after 2024 dividend cut as investors press for a payout return
Intel reported Q2 fiscal results with earnings of $0.30 per share, beating expectations by 200%, and revenue of $16.1 billion, up 25% year over year for its strongest growth in more than 15 years. Data Center and AI revenue rose 59%, Foundry revenue increased 31%, and free cash flow totaled $4.45 billion. The shares are up 170% year to date, and investors are calling for the company to reinstate its dividend.