Intel Surpasses Expectations for Sixth Consecutive Quarter, Driven by Strong AI CPU Demand

Intel reported Q1 revenue of $13.6 billion, exceeding the $12.4 billion forecast by 9.4%. The Data Centre and AI segment saw a 22% increase, reaching $5.1 billion. Non-GAAP EPS came in at $0.29, vastly outperforming the 1-cent estimate. Intel's stock has surged over 80% this year. Additionally, the company is collaborating with Elon Musk on the Terafab chip initiative.