Why Intel Stock Skyrocketed Today

By Joe Tenebruso – Apr 24, 2026 at 8:05PM ESTKey PointsIntel's sales are rebounding.AI agents and lucrative partnerships should fuel more gains in the coming years.Shares of Intel (INTC +23.33%) soared on Friday after the semiconductor giant highlighted the rapidly rising demand for its data center chips. Image source: Intel. Intel is benefiting from shifting AI trends After missing out on the early stages of the artificial intelligence (AI) boom, Intel is finding itself well placed to profit from recent technological advances. While AI model training largely relies on graphics processing units (GPUs) designed by the likes of Nvidia and Advanced Micro Devices, the rise of agentic AI is boosting demand for the types of central processing units (CPUs) Intel makes. Following years of sales declines, Intel's revenue rose 7% year over year to $13.6 billion in the first quarter. ExpandNASDAQ: INTCIntelToday's Change(23.33%) $15.58Current Price$82.36Key Data PointsMarket Cap$335BDay's Range$79.63 - $85.2252wk Range$18.96 - $85.22Volume9.1MAvg Vol100MGross Margin35.24% Intel's data center and AI division enjoyed particularly strong growth, with revenue jumping 22% to $5.1 billion. All told, Intel's adjusted net income surged 156% to $1.5 billion, or $0.29 per share. That crushed Wall Street's estimates, which had called for per-share profits of only $0.01. Management issued an upbeat forecast Looking ahead, Intel guided for second-quarter revenue of $13.8 billion to $14.8 billion and adjusted earnings per share of $0.20. That compares to revenue of $12.9 billion and an adjusted loss of $0.10 per share in the second quarter of 2025. New partnerships with Alphabet's Google, Tesla, and other tech leaders should help Intel further its expansion. "We remain focused on maximizing our factory network to improve available supply and meet our customers' needs throughout the year," chief financial officer David Zinsner said.Read NextApr 24, 2026 •By Howard SmithStock Market Today, April 24: Intel Surges After Q1 Earnings Beat ExpectationsApr 24, 2026 •By Anders BylundThe Dow Is Down While the Nasdaq-100 Soars. Blame the Chips.Apr 24, 2026 •By Daniel Sparks2 Chip Stocks That Have Gone Parabolic This Month.

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