This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe, in after-hours trading after its first-quarter earnings and sales beat analysts' expectations. The chipmaker expects second-quarter sales of $28 billion, compared with estimates of $26.6 billion. The company plans to split its stock 10 for 1.
"We're still really early in the AI build," Niles told CNBC's"Money Matters" on Monday."I think the revenue will go up three to four times from current levels over the next three to four years, and I think the stock goes with it."
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