Intel has reported its fastest growth rate in 15 years, driven by a surge in chip sales linked to artificial intelligence demand.
The development signals a potential inflection point for the semiconductor giant, which has struggled to regain market share against rivals like Nvidia and AMD in the high-performance computing segment.
Shares of Intel climbed sharply in the session, building on a 14% rally earlier in the week that pushed the stock to record highs.
Shares of Intel climbed sharply in the session, building on a 14% rally earlier in the week that pushed the stock to record highs.
That initial surge was fueled by reports that Apple is in advanced talks with Intel and Samsung to manufacture components for its U.S.-based devices, marking a significant pivot for Intel's foundry business.
The current move reflects broader market confidence that Intel's AI-focused product roadmap is beginning to translate into tangible revenue growth.
This positive momentum contrasts with the sector-wide volatility seen in recent months, where Intel shares had previously slid 27% from June highs amid deepening repricing concerns.