Movement Alert|Intel Rises 3.36% in Regular Trading, Continuing Post-Earnings Rally as AI Business Reaches 60% of Revenue

Market Focus05-08

On May 8, Intel rose 3.36% in regular trading, trading at $115.03/share, with trading volume of $1.937 billion. The stock continued its upward momentum following a strong first-quarter earnings report that exceeded market expectations.

Intel reported first-quarter results that beat analyst estimates, with its Data Center and Artificial Intelligence (DCAI) division posting 22% year-over-year revenue growth. AI-related business now accounts for 60% of total revenue. Management noted that AI is evolving from training toward inference and agent-based scenarios, driving sustained demand for Intel CPUs, wafers, and advanced packaging products. The company also raised its full-year guidance amid expanding demand from both U.S. government and enterprise clients.

Multiple Wall Street firms raised their target prices following the report. Evercore ISI upgraded the stock to Outperform with a target of $111, while Citi upgraded to Buy with a $95 target. The broader Semiconductors sector showed strength, with Micron Technology up 7.76%, Advanced Micro Devices up 5.34%, Qualcomm up 5.29%, Broadcom up 2.59%, and NVIDIA up 2.0%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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