Intel shares soar on AI demand

After a challenging year of restructuring, Intel has crushed Wall Street expectations with its first-quarter revenue and second-quarter guidance.

The company is benefiting from a 'CPU comeback' as the rise of agentic AI rekindles demand for traditional central processing units alongside specialized graphics hardware.

CEO Tan Lip-Bu emphasized that the firm is embracing its 'paranoid' roots to maintain its lead in data center infrastructure.

The market rally added approximately $49 billion to Intel's valuation, signaling renewed investor confidence in the American chipmaker's long-term strategy.