The Globe and Mail reports in its Friday, July 24, edition that Intel forecast quarterly profit and revenue above estimates on Thursday, anticipating strong demand for its server central processing unit chips as the artificial intelligence boom fuels a computing infrastructure buildout. A Reuters dispatch to The Globe reports that the company expects third quarter revenue between $15.8-billion and $16.8-billion, compared with analysts' average estimate of $15.1-billion (all figures U.S.). Adjusted profit is expected to be 38 cents a share, compared with analyst estimates of 27 cents. Intel is benefiting from a boom in what is known as agentic artificial intelligence, where autonomous agents carry out tasks such as computer coding on behalf of human users. Its shares have declined more than 25 per cent from a record close on June 22 amid a broader sell-off in chip stocks, though shares remain up more than 170 per cent for the year. For the second quarter ended June 27, Intel said sales rose 25.4 per cent to $16.13-billion and adjusted profit was 42 cents a share, compared with estimates of $14.42-billion and 21 cents a share. Adjusted gross margin came in at 41.8 per cent, compared with estimates of 38.8 per cent.