Shares of Intel Corporation rallied in the premarket hours on Friday after the tech giant revealed that its net income during the second quarter hit $1.5 billion, recovering from the loss registered in the corresponding quarter in 2022.
The company's revenue also went above the market analysts' projections, despite failing to grow year-over-year.
The stock rose 7.12% to trade at $37.01 apiece at 6:57 am ET.