Intel's revenue growth hits 15-year high as AI chip demand surges
Intel reported its fastest revenue growth in nearly 15 years, fueled by surging demand for AI-related chips, according to its latest quarterly results. Analysts said the results mark a dramatic turnaround for a company that many had written off as struggling. Despite the strong numbers, Intel's shares fell as investors weighed the outlook against high expectations.
Intel reported its fastest quarterly revenue growth in almost 15 years, driven by surging demand for chips used in artificial intelligence infrastructure. The results mark one of the clearest signs yet that the company's turnaround effort is gaining traction after a prolonged stretch of weak performance.
Analysts described the numbers as a dramatic reversal for a chipmaker that had been widely regarded as struggling to keep pace with rivals in the AI race. Executives pointed to stronger-than-expected orders from data center customers as a key driver of the improved results.
Despite the strong headline figures, Intel shares fell in the wake of the report, as investors weighed the results against elevated expectations and questions about the durability of the AI-driven demand. The stock's reaction underscored how high the bar has become for chipmakers reporting earnings this cycle.
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