US chipmakers hit record highs as Intel surges past its best performance since 1987
US chip stocks hit all-time highs, led by Intel's 24% surge, its best day since 1987, fueled by AI demand.
The Philadelphia SE Semiconductor Index also reached a record, marking an 18-day winning streak.
Intel's turnaround, attributed to CEO Lip-Bu Tan, saw revenue rise 7.2%, with data center growth up 22%.
- Intel bets the farm on AI inference to drag CPU back to the top table The Register —
- Intel soars on signs AI boom for CPUs is here CTV News —
- Nasdaq Futures Jump as Intel’s Blockbuster Sales View Impresses Bloomberg —
- Intel to Hold Fixed-Income Calls Following Blowout Sales Outlook Bloomberg —
- Intel's resurgence is real, thanks to agentic AI, analysts say Seeking Alpha —