Stocks move after hours as Intel rises and AMD gains on AI outlook

Intel shares rose after the chipmaker reported quarterly revenue growth that was its strongest in nearly 15 years, along with adjusted earnings that beat expectations. The company said secondquarter revenue reached $16.1 billion, up 25% from a year earlier. Other postmarket movers included Deckers Outdoor, which fell after revenue from its Hoka and Ugg brands missed market expectations, and Robert Half, which dropped after weakerthanexpected secondquarter results. Boston Beer edged higher after topping revenue estimates and reaffirming its fullyear earnings guidance. SAP gained after reporting stronger cloud backlog growth, while AMD rose after presenting a longerterm market outlook tied to artificial intelligence. The company said its server CPU market could expand significantly by 2030 and projected rapid growth in the AI accelerator market.