Intel shares surge on AI demand

Intel CEO Lip-Bu Tan reported a successful first year of his turnaround plan, with the company's latest earnings beating expectations across key metrics.

The chipmaker is benefiting from a resurgence in CPU demand as AI workloads increasingly require advanced server infrastructure.

Intel's networking and cloud divisions are seeing growth that outpaces the traditional smartphone and PC markets.

Despite competition from GPU manufacturers, Intel's strategic focus on AI-ready hardware has restored investor confidence in its long-term viability.