💼 Business 2d ago · Michael Grothaus

Intel stock price: INTC surges today after Q1 earnings reveal AI data center boom

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Intel stock price: INTC surges today after Q1 earnings reveal AI data center boom
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Intel Corporation (Nasdaq: INTC) has long played second fiddle to the more established giants in the AI race. For much of that race, the technology powering the hardware AI needs to run on has been GPUs, like the kind Nvidia excels in making.



But as industry focus shifts towards how CPUs can accelerate AI tasks, Intel’s recent earnings report shows the company is starting to benefit significantly, sending its stock price surging today. Here’s what you need to know.



What’s happened?



Yes

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