INTC is trading at $82.75 (+23.91%) after smashing Q1 estimates and announcing a strategic partnership with Tesla.
- The company reported revenue of $13.6B and EPS of $0.29, far exceeding analyst forecasts of $12.38B and $0.01.
- Data Center and AI revenue climbed 22% YoY to $5.1B, driven by an Agentic AI pivot and strong Q2 guidance of $13.8B–$14.8B.
- The rally extends the gains from the April 23 earnings report as positive Nasdaq momentum fuels further buying in live trading.