In this article
Intel shares soared more than 20% on Friday as investors cheered signs of renewed growth due to mounting artificial intelligence demand.
The stock was up 22% as of early afternoon. Should it finish up more than 22.8%, which is how much the stock rallied on Sept. 18, it would be the best day for Intel since 1973.
CEO Lip-Bu Tan, who took the helm early last year, has revived Wall Street interest in the struggling chipmaker by reeling in investments from the Trump administration and Nvidia
, and by helping the company elbow its way into the AI boom, where it had previously been largely shut out.
