Intel shares skyrocket to all-time high as AI boom triggers remarkable turnaround

Source: New York Post

Demand for Intel’s central processors from firms offering AI services was so strong in the first quarter that it sold even chips it had originally written off, a remarkable turnaround that sent the company’s shares soaring on Friday. The stock surged more than 20% to $83 in midday trading, surpassing its dot-com era peak in 2000 and taking the company’s market value above $416 billion. The stock hit a record high of $85.