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Intel stock jumps 24% as AI chip demand sparks a dramatic turnaround
Business
Published on 24 April 2026
Even chips once written off are back in sales
Intel shares surged more than 24% after results topped expectations, driven by renewed AI-led demand for its CPUs. The momentum was strong enough to include sales of chips previously written off. With Intel’s market value crossing $416 billion, the rally also lifted peers like AMD and Arm, signaling growing optimism that CPUs could regain key roles in AI workloads.
- Intel shares rose over 24% on better-than-expected results
- AI-driven CPU demand is powering the turnaround narrative
- Even previously written-off chips were reportedly sold again
- The rally buoyed AMD and Arm optimism around AI workloads
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times