Intel Shares Gain 37.5% in a Month as AI Revenue Fuels Growth

Intel shares closed at $123.86 on Sept. 22 after gaining 37.52% over the previous month, as stronger quarterly results and growing attention to CPUs in AI infrastructure supported the stock’s advance.

Intel posted second-quarter revenue of $16.1 billion, up 25% from a year earlier. The quarter ended June 27. Data Center and AI revenue rose 59%, while Intel Products revenue increased 28%.

The company forecast third-quarter revenue of $15.8 billion to $16.8 billion. Intel CEO Lip-Bu Tan said, “AI is driving unprecedented demand for compute.”

Intel is positioning central processing units, custom infrastructure processing units, advanced packaging and foundry services as parts of AI systems alongside accelerators. The company said growth in its Data Center and AI and client-computing businesses contributed to the quarterly increase.

Higher average selling prices and a larger mix of premium products also supported second-quarter revenue growth. The results put Intel’s product businesses at the center of its effort to benefit from expanding AI infrastructure demand.

Intel and Google announced a multiyear collaboration on April 9 covering Xeon processors and custom infrastructure processing units for AI and cloud workloads. The agreement supports Intel’s push to present CPUs as part of broader AI infrastructure, including data processing and other workloads alongside specialized accelerators.

Intel shares closed at $123.86 at 4 p.m. ET (20:00 UTC) on Sept. 22.