Intel's stock jumps 10% to highest since early 2022 ahead of earnings
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Wall Street is piling into Intel ahead of the chipmaker's quarterly earnings report scheduled for after the close on Thursday. The stock jumped about 10% on Wednesday to its highest since January 2022, continuing a rally that lifted it 84% last year, and bringing its gains over the past 12 months to 145%. Much of the optimism is tied to strong sales of Intel's latest server chips, which analysts say are benefitting from rising spending on artificial intelligence infrastructure. KeyBanc analysts
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