Why Intel Stock Hit an All-Time High Today
Intel shares surged to a new all-time high on April 24 after the company reported stronger-than-expected earnings and guidance, driven by rising demand for its server CPUs in AI infrastructure. Intel's revenue was $13.58 billion, above estimates, and its data center and AI segment generated $5.1 billion.
Intel shares hit an all-time high on April 24 after the company reported stronger-than-expected earnings and guidance. The stock jumped over 24% to around $83, lifting Intel's market value above $416 billion. Intel's first-quarter revenue was $13.58 billion, above estimates of $12.42 billion. Its data center and AI segment generated $5.1 billion, also ahead of expectations. The company expects second-quarter revenue between $13.8 billion and $14.8 billion, compared with Wall Street's $13.07 billion estimate. Intel's rally can continue if it proves the demand is durable, but the stock now trades at around 90 times forward earnings, leaving little room for disappointment.
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