Intel's Stock Soars 24% Friday, Its Biggest One
Slashdot • • business
Key Points:
- Intel's stock surged 24% on Friday, marking its largest single-day gain since October 1987, closing at $82.57 and rising 124% year-to-date after an 84% increase in 2025.
- The rally was driven by renewed growth fueled by mounting artificial intelligence demand, with first-quarter revenue rising 7.2% year-over-year to $13.58 billion, surpassing estimates.
- Intel's data center business saw a 22% revenue increase to $5.1 billion, boosted by AI-driven demand for central processing units, prompting analysts at Evercore ISI and Citi to upgrade their ratings on the stock.
- The company's CEO highlighted accelerated development of the new 14A chip technology, with multiple customers actively evaluating it, signaling strong future growth prospects.
- Intel's stock has quadrupled in value since last August, rebounding sharply from a 60% loss in 2024 that led to the CEO's replacement in December.
