Intel stock closes up 23.6%, its best performance since October 1987, as Intel shows signs of renewed growth amid the AI boom; the stock is up 124% YTD (CNBC)

CNBC: Intel stock closes up 23.6%, its best performance since October 1987, as Intel shows signs of renewed growth amid the AI boom; the stock is up 124% YTD — Intel shares soared 24% on Friday, their best performance since October 1987, as investors cheered signs of renewed growth due to mounting artificial intelligence demand.

Intel added 100B+ in value and now has a 300B+ market cap after its stock jumped 53% in nine sessions on plans to buy an Ireland fab and join Terafab (Bloomberg)
Intel reports Q1 revenue up 7% YoY to 13.58B, vs. 12.42B est., and forecasts Q2 revenue and adjusted EPS above estimates; INTC jumps 15%+ after hours (Katie Tarasov/CNBC)
Texas Instruments reports Q1 revenue up 19% YoY to 4.83B, vs. 4.52B est., and forecasts Q2 revenue above estimates; TXN jumps 10%+ after hours (Ian King/Bloomberg)
The AI boom has pushed the market cap of Shenzhen-listed Zhongji Innolight, a leading optical communications device maker, close to $146B, a record high (Bloomberg)

Source: Techmeme | 2026-04-24

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