Intel shares surge on AI

The upbeat financial results suggest that Intel's strategy to reclaim its leadership in the semiconductor industry is gaining traction.

The company's focus on agentic AI and high-performance computing has rekindled demand for its central processing units (CPUs).

Intel forecast second-quarter revenue between $13.8 billion and $14.8 billion, signaling continued growth in the data center sector.

This surge in market value comes as the broader technology sector remains volatile due to ongoing geopolitical tensions and AI-driven disruptions.