Chip giant Intel Corporation (INTW) is all set to report its second-quarter results for fiscal 2026 on July 23, after the market closes. Ahead of the results, the market is bullish on the company amid heightened demand for its AI servers and CPUs.
The company has also been propped up by its partnerships with large hyperscalers. The company is building upon its partnership with Alphabet's (GOOG) (GOOGL) Google. Recently, the company announced it will use Google’s Gemini to automate silicon development. This is supposed to harness Intel’s “AI-powered transformation,” as it’s expected to help the company move beyond isolated pilot projects and deploy some capabilities across its entire organization.