Intel Stock Surges 114% Amid AI Chip Demand
Intel’s stock skyrocketed 114.1% in April 2026, outpacing the S&P 500’s 10.4% gain. The surge was fueled by significant partnerships with Tesla and Google and heightened demand for AI chips.
On April 9, Intel signed a long-term partnership with Tesla for its new Terafab manufacturing facility and secured a commitment from Google for its Xeon processors in AI operations. Intel’s Q1 earnings report on April 23 revealed a 7% revenue increase to $13.6 billion, surpassing Wall Street’s expectations of $12.4 billion. The Data Center and AI division achieved a 22% revenue growth, contributing to a 23.6% stock jump the following day. Additionally, on April 29, Intel disclosed selling imperfect chips at a premium due to unprecedented demand, causing a further 12.1% stock rise.
As of May 4, Intel’s stock has gained 412% since its 52-week lows in May 2025, positioning it as a relative bargain compared to competitors like AMD and Nvidia, trading at 16.0 and 30.3 times sales, respectively.
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