Intel shares may rebound as TSMC highlights rising CPU demand for agentic AI workloads in data centers.
Intel (NASDAQ: INTC) stock, up 357% over the past year, has retreated 25% from its June 30 high. The company reports Q2 2026 earnings on July 23 amid renewed optimism from a key industry signal.
Taiwan Semiconductor Manufacturing (TSMC) noted in its Q2 earnings call that agentic AI is driving a resurgence in CPU demand for data centers. Historically reliant on GPUs, AI workloads now favor CPUs for complex, multi-step tasks, reducing GPU strain.
This shift in CPU-to-GPU ratios could benefit Intel, a major CPU supplier, as AI infrastructure evolves. The development follows Intel’s strong annual gains and recent pullback.