Intel reported first-quarter revenue of $13.6 billion. Non-GAAP earnings reached $0.29 per share, significantly exceeding analyst expectations. The Data Center and AI segment grew 22% year-over-year, driven by strong demand for AI hardware.
Tesla signed as the first major customer for Intel’s 14A chip-making technology. The partnership supports Elon Musk’s Terafab project. This deal strengthens Intel’s foundry services in its competition against industry leader TSMC.
Intel shares surged over 25% in one of the company's best trading days in decades. The rally provided a significant boost to the semiconductor sector and the Nasdaq. Investors showed strong appetite for leaders in the AI infrastructure build-out.