Investors await Intel’s quarterly report to assess if its AI-driven demand rebound justifies a near-tripling of shares this year.
Intel reports earnings Thursday, with analysts forecasting its strongest quarterly revenue growth in six years. The surge is driven by AI demand for central processors, offsetting weaker PC market trends and margin pressures below historical highs.
Shares have climbed 185% year-to-date but fell over 25% from June’s record close amid a broader chip sector selloff. Investors seek clarity on new foundry customers, including a potential unconfirmed deal with Apple, which could bolster its contract manufacturing business.
The results will test whether Intel’s turnaround narrative can sustain its rally, as Bernstein analysts note improving market sentiment despite lingering fundamental challenges.