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

Intel
New York Post Fews App News Provider
Fews App Post Time há 4h

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.

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