Intel shares surge on AI outlook

Intel has emerged as a major beneficiary of the artificial intelligence boom, with its server processors seeing a massive spike in orders from data center operators.

The company's latest financial results exceeded Wall Street expectations, marking a successful turnaround just one year after requiring a government rescue.

Tan Lip-Bu credited the company's 'paranoid' roots for its renewed focus on high-performance CPU technology.

The surge in Intel's market value has also lifted other chipmakers, including AMD and Arm, as investors bet on a sustained hardware cycle.