BlockBeats News, July 24th, Intel (INTC.O) released unexpectedly strong revenue guidance, indicating that a surge in data center spending is driving the long-awaited recovery for the chipmaker.

The company stated that it expects third-quarter sales to reach $15.8 billion to $16.8 billion. Even at the lower end of this range, it comfortably exceeds analysts' average expectation of $15.1 billion. This guidance underscores Intel's growth momentum in the data center segment, where customers are in urgent need of chips to meet the demands of AI computing. Last quarter, sales in this area surged by 59%, more than twice the overall revenue growth for Intel.

Following the earnings report, Intel's stock price rose by 13% in after-hours trading. Additionally, Intel's second-quarter revenue reached $16.13 billion, also exceeding the market's expectation of $14.43 billion.