Intel surges past $92 intraday, "up 120% this month"! Agentic AI triggers CPU shortage.

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The semiconductor big brother is truly back! Continuing the momentum from its incredible Q1 earnings report, Intel (INTC) surged nearly 9% during intraday trading today (29th), breaking through the $90 mark and hitting a high of $92, pushing its market cap past $460 billion. Benefiting from the massive demand for CPUs driven by Agentic AI and the onboarding of new clients like Tesla, Intel has skyrocketed over 120% in April alone, completely shedding its "laggard" label to become the hottest dark horse in AI infrastructure in the eyes of Wall Street. (Previous coverage: Intel and Apple reopen "chip meetings," stock price surges; will Apple abandon M-series chips to return to Intel Core Ultra?) (Background: Nvidia announces $5 billion investment in Intel: collaborating on chip design, Intel surges 30% pre-market) Under the spotlight of Wall Street, the long-dormant semiconductor giant Intel is staging the most astonishing "elephant dancing" act in U.S. stock market history. According to real-time trading data on the morning of April 29 (ET), Intel (INTC) continued the strong momentum from the previous trading day (closing at $84.52), launching another fierce offensive during intraday trading with gains of 7% to 9%. The stock price broke through the $90 barrier, reaching a range of $91 to $92, allowing its total market cap to easily surpass the $460 billion milestone. Breaking the millennium curse, over 120% gain in April This rally is not a sudden spike, but a continuation of the frenzied trend since late April. Just a few days ago on April 24, after releasing its Q1 2026 earnings report, Intel surged a staggering 23.6% in a single day. This not only marked its largest single-day gain in nearly 39 years but also shattered the historical ceiling set during the dot-com bubble in 2000. Statistics show that INTC has gained over 120% in April alone, and has soared approximately 150% year-to-date. Q1 earnings crush expectations, Agentic AI triggers a "scrap to gold mine" rush The core driver pushing today's stock price surge remains its robust fundamentals that crushed Wall Street expectations, alongside a "complete reversal" of the market narrative: - Earnings beat and strong guidance: Q1 revenue reached $13.58 billion (up 7.2% YoY), with adjusted EPS hitting $0.29, far exceeding the market's pessimistic expectations of $0.01 to $0.02. Meanwhile, the company's Q2 revenue guidance ($13.8 to $14.8 billion) also outperformed Wall Street consensus. - New AI infrastructure hegemon: Data center and AI business grew by 22% YoY. With the full-scale explosion of "Agentic AI" applications, the server market's demand for high-performance CPUs is growing exponentially. There are even reports of severe CPU shortages, turning products once considered "scrap" into highly sought-after gold mines. - Transformation strategy pays off: Under the iron-fisted leadership of CEO Lip-Bu Tan, Intel's foundry business has made rapid progress and successfully secured strong support from the U.S. government. More importantly, Intel has successfully landed heavyweight new clients, including Tesla. Driven by a flurry of positive news, the global capital market's view of Intel has fundamentally changed—it is no longer the "laggard" mired in the mud, but an indispensable key player in the next generation of the AI infrastructure war.

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Published:2026-04-29 13:51:36

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