Intel reported second-Quarter earnings, showing a return to profitability after two consecutive quarters of losses. The stock rose by 7% in extended trading. The company posted a net income of $1.5 billion, compared to a net loss of $454 million in the same quarter last year. However, despite the positive results, Intel's CEO mentioned "persistent weakness" in all business segments and stated that server chip sales won't recover until the fourth quarter. The company is aiming to match TSMC's chip-manufacturing capabilities by 2026 and is on track to achieve its goals.

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