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Intel Stock Soars Nearly 20% Overnight As Jim Cramer Says 'Paranoid' INTC Is Back, Gene Munster Notes AI
- Intel shares soared 23.33% on Friday after the semiconductor giant reported rising demand for its data center chips amid the artificial intelligence boom.
- While AI model training relies on GPUs from Nvidia and Advanced Micro Devices, Intel is benefiting as agentic AI shifts demand toward CPUs. This positions the chipmaker to capitalize on emerging AI infrastructure needs.
- First-Quarter revenue rose 7% to $13.6 billion, while adjusted net income surged 156% to $1.5 billion, or $0.29 per share, crushing Wall Street's estimate of $0.01.
- Chief Financial Officer David Zinsner guided for second-quarter revenue of $13.8 billion to $14.8 billion, stating the company remains "focused on maximizing our factory network to improve available supply."
- Deepwater Asset Management partner Munster noted Intel's results reflect broader AI trends, stating "results go beyond Intel and remind us how early we are in the AI buildout." New partnerships with Google and Tesla should accelerate expansion.
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12 Articles
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Intel Stock Soars Nearly 20% Overnight As Jim Cramer Says 'Paranoid' INTC Is Back, Gene Munster Notes AI
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