Intel's stock jumps 11% as chipmaker rides AI boom to fastest revenue growth in almost 15 years

Intel Corp.'s stock surged 11% on Thursday after the chipmaker reported its fastest revenue growth in nearly 15 years, driven by demand for artificial intelligence chips. The company's quarterly revenue rose 9% year-over-year to $14.8 billion, beating analyst estimates, as its data center and AI segment posted a 34% increase. Intel shares have gained over 170% in 2024.

Intel's stock jumps 11% as chipmaker rides AI boom to fastest revenue growth in almost 15 years Source: CNBC Technology https://www.cnbc.com/technology/ Despite a recent slump in the stock, Intel shares are still up over 170% this year. Get AI news in your inbox Daily digest of what matters in AI.