Intel's stock surged approximately 10% after the chipmaker reported its fastest revenue growth in 15 years, driven by accelerating demand for AI data centre chips. Revenue for the June quarter reached $16.1bn, a 25% year-on-year increase. The company forecasts $15.8bn to $16.8bn for the current quarter, exceeding Wall Street expectations.

Intel has rebounded from difficult years, supported by the Trump administration's backing for its push to regain its status as a leading processor chip maker. The company also increased its capital spending forecast for this year to $20bn, signaling confidence in future customer acquisition.

CEO Lip-Bu Tan stated that "AI is driving unprecedented demand for compute," positioning Intel for sustainable growth. The data centre and AI business revenue specifically grew 59% to $6.3bn. Despite a GAAP net income loss due to escrow share volatility, adjusted net income rose to $2.2bn, indicating a strong operational recovery.