Intel Stock Surges on Q3 Earnings Beat and Rising AI Opportunities
Intel shares soared more than 7% in extended trading after the chipmaker posted third-quarter results that surpassed analyst expectations. Revenue reached $13.7 billion, eclipsing the projected $13.15 billion, while adjusted earnings per share came in at $0.23—a stark turnaround from last year's $0.46 loss.
Artificial intelligence demand is reshaping Intel's trajectory. The company's CPUs, which complement specialized AI processors in data centers, are gaining traction in AI-enabled PCs and server applications. CEO Lip-Bu Tan highlighted accelerating AI adoption as a key growth driver.
Despite the strong performance, fourth-quarter guidance remains cautious. Manufacturing hurdles persist even as AI-driven demand buoys investor confidence.