CNBC4/24/2026Business
Intel Shares Surge 22% on Strong Q1 Results, AI Demand Revival
Stock on track for best day since 1973 as data center revenue jumps 22% and CEO Lip-Bu Tan's turnaround strategy gains traction
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- Intel shares surged 22% on Friday, putting the stock on track for its best day since 1973, as investors rewarded signs of renewed growth driven by AI demand.
- The chipmaker reported Q1 revenue of $13.58 billion, up 7.2% year-over-year, with data center revenue jumping 22% to $5.1 billion.
- CEO Lip-Bu Tan, who took over early last year, has revived Wall Street interest by securing investments from the Trump administration and Nvidia, and pushing forward with next-generation 14A manufacturing technology.
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Intel shares surged 22% on Friday, putting the stock on track for its best day since 1973, as investors rewarded signs of renewed growth driven by AI demand. The chipmaker reported Q1 revenue of $13.58 billion, up 7.2% year-over-year, with data center revenue jumping 22% to $5.1 billion. CEO Lip-Bu Tan, who took over early last year, has revived Wall Street interest by securing investments from the Trump administration and Nvidia, and pushing forward with next-generation 14A manufacturing technology.
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This article was originally published by CNBC.
