Intel shares surge on AI demand and upbeat forecast
Intel shares climbed over 22 percent today following a robust revenue outlook fueled by AI hardware demand. The rally puts the stock on track for a record high.
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INTEL CORP shares surged more than 22% in premarket trading on Friday, as the company issued a robust revenue outlook fueled by surging demand for hardware capable of running advanced artificial intelligence models. If these gains are maintained through the market close, the stock is on track to reach a record high for the first time since the dotcom era in 2000. At a projected price of approximately $81 per share, the company's market valuation would increase by roughly $75.3 billion.
