Intel's PC business will be dictated by AI data center momentum: CFRA

Intel (INTC) stock surged over 11% in extended trading Thursday after reporting second-quarter adjusted earnings of $0.42 per share on revenue of $16.1 billion, beating analyst estimates of $0.21 and $14.43 billion. CFRA Research senior vice president and equity analyst Angelo Zino said Intel's PC business trajectory will be dictated by momentum in its AI data center segment.

Intel INTC https://finance.yahoo.com/quote/INTC/ stock is surging by over 11% in Thursday's extended hours after smashing second quarter expectations, reporting adjusted earnings of $0.42 per share vs. estimates of $0.21 and revenue of $16.1 billion vs. estimates of $14.43 billion . CFRA Research senior vice president and equity analyst Angelo Zino dives into Intel's earnings release and what he can garner about the trajectory of the company's PC business.