Intel shares pull back from record highs despite $57 billion annual revenue and 40% AI segment growth.
Intel stock surged 308% over the past year, outpacing the broader market’s 18% gain, driven by AI demand and manufacturing progress. Revenue reached $57 billion, growing 7.5% annually, with AI-related businesses now accounting for 60% of sales and expanding 40% year-over-year.
The company’s 18A manufacturing process is yielding ahead of schedule, and deals with Google and Nvidia have bolstered its position in AI systems. While AMD also gained, Intel’s factory advancements and CPU adoption in AI set it apart.
Despite the rally, shares have cooled from recent highs, reflecting broader sector rotation and profit-taking after the rapid ascent.