AFTERMARKET MOVES | Intel Rallies 9% on Fastest Revenue Growth in Nearly 15 Years

According to CNBC, Intel rose 9% in extended trading after reporting its sharpest quarterly revenue growth in nearly 15 years. Second-quarter revenue reached $16.1 billion, up 25% from a year earlier, while adjusted earnings of 42 cents per share topped analyst expectations. Advanced Micro Devices gained more than 2% after saying at its Advancing AI presentation that its server central processing unit market will grow over 50% to $200 billion by 2030, driven by agentic artificial intelligence, and that its AI accelerator market is expected to reach $1.4 trillion by 2030. SAP climbed 3% after its cloud backlog grew 27% year over year to 22.9 billion euros in the second quarter, with revenue of 9.88 billion euros edging past a forecast of 9.86 billion euros. Boston Beer, the maker of Twisted Tea, added 2% as second-quarter revenue of $568.3 million narrowly beat consensus of $566.7 million, and the company reaffirmed full-year earnings guidance of $8.50 to $10.50 per share. Deckers Outdoor slid 3% after first-quarter revenue of $1.02 billion matched estimates but sales from its Hoka and Ugg brands fell short. Robert Half fell around 9% after the staffing and executive search firm posted second-quarter earnings of 26 cents per share, in line with forecasts, on revenue of $1.34 billion.