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Intel shares surge 19% after AI chip forecast tops expectations
Business
Published on 24 April 2026
AI server demand flips Intel’s outlook fast
Intel’s upbeat Q2 outlook, powered by strong demand for AI-focused server chips, beat expectations and lifted investor confidence. The company forecast revenue of $13.8–$14.8 billion and also delivered better-than-expected earnings guidance. Shares jumped about 19% in extended trading, adding roughly $64 billion in market value, as CEO Lip-Bu Tan pushes a turnaround plan of cost cuts, asset sales, and partnerships.
- Intel forecast Q2 revenue and earnings guidance both beat estimates
- AI-focused server chip demand is driving the stronger outlook
- Shares surged nearly 19% in extended trading, adding $64 billion
- CEO Lip-Bu Tan is pursuing turnaround moves through cost cuts and partnerships
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times