Intel's earnings will test whether the AI chip rally is real or a rerun of 1999

Intel's stock jumps as chipmaker rides AI boom to fastest revenue growth in almost 15 years

Intel's Q2 revenue hit $16.1B (+25%, fastest since 2011) on AI boom, with data center at $6.3B (+59%) and adjusted EPS of 42¢. Supply-constrained data center and 10 long-term CPU agreements signal durable AI capex cycles, pressuring accelerated foundry capex investment.