Intel shares soar on AI demand

Intel's first-quarter results have stunned Wall Street, with the company selling even those chips it had originally written off due to the AI boom.

The resurgence is being driven by the rise of 'agentic AI,' which relies heavily on the central processing units (CPUs) that Intel specializes in.

This turnaround follows a difficult period that required a government rescue package just last year.

Analysts believe Intel is now well-positioned to challenge the market dominance of rivals like TSMC and Nvidia.