Shares of technology companies climbed as earnings from Intel helped pushed the sector higher.
Intel shares traded near a one-year high as the company’s PC and data-center sales for the second quarter beat expectations. The chip maker also forecast new demand from the artificial-intelligence boom.
Shares of Palantir Technologies surged after a Wedbush analyst described the company as “the Messi of AI on the golden track to success” after initiating coverage on the software maker with an outperform rating.
Write to Amy Pessetto at amy.pessetto@dowjones.com
(END) Dow Jones Newswires
07-28-23 1743ET
