Intel Shares Soar on AI Outlook

Intel has finally begun to reap the benefits of the global artificial intelligence boom, reporting quarterly revenue of $13.6 billion, which significantly exceeded Wall Street targets.

The company’s data center and AI division saw a 22% jump in revenue, signaling that its products are becoming essential for the next generation of AI servers.

Despite supply constraints, Tan Lip-Bu expressed confidence in Intel's 'paranoid' roots and its ability to regain market share from competitors.

The positive earnings report added nearly $49 billion to Intel’s market value in extended trading.