Intel Shares Surge Over 24% Following Strong Earnings and AI Demand

Intel's stock experienced a significant increase of more than 24%, reaching approximately $83 on April 24, driven by better-than-expected earnings and guidance. According to NS3.AI, the company's first-quarter revenue amounted to $13.58 billion, surpassing the estimated $12.42 billion. The data center and AI segment contributed $5.1 billion to the revenue. Intel has projected its second-quarter revenue to be between $13.8 billion and $14.8 billion, exceeding Wall Street's forecast of $13.07 billion.