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Intel shares jump 11% on fastest revenue growth in nearly 15 years

Intel is still up more than 170% year to date despite a recent stock slump, according to CNBC.

Reported · Written up by our desk · Equities

Intel shares rose sharply, gaining 11% as the chipmaker tied its latest momentum to an AI-driven surge, CNBC said.

The outlet reported that Intel reached its fastest revenue growth in nearly 15 years, marking a notable break from the companys recent performance slump.

Despite the bounce, CNBC noted Intel shares have recently pulled back, but remain up over 170% for the year to date.

The move highlights how expectations for AI spending continue to influence performance in the semiconductor sector.

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