Intel reported fourth-quarter earnings Thursday that beat Wall Street expectations but offered soft guidance for the current quarter.

Intel has gotten a boost due to optimism around its latest server CPUs and following investments from the U.S. government and Nvidia.

Intel reported fourth-quarter earnings Thursday that beat Wall Street expectations but offered soft guidance for the current quarter.

For the most part, Wall Street analysts maintained a hold-equivalent rating on Intel after supply constraints weighed on the company's current-quarter outlook.

Over the last year, Intel shares have rallied more than doubled on hopes of a turnaround for the embattled American chipmaker.