AI-driven demand rebounds as Intel's first-quarter revenue exceeds expectations

Golden Ten Data reported on April 24 that on Thursday, Intel announced first-quarter sales of $13.6 billion, a 7% year-on-year increase and 11% higher than analysts’ expectations. Over the past year, as AI companies deploy large language models and other tools operated by autonomous AI “agents,” Intel’s more fundamental CPU expertise has regained popularity. Intel raised its second-quarter sales forecast to $13.8–14.8 billion, surpassing analysts’ prediction of $13 billion. Intel CEO Pat Gelsinger said in a statement: “The next wave of AI will bring intelligence to end users, moving from foundational models to inference, and then to agents. This transition is significantly increasing demand for Intel CPUs, chips, and advanced packaging products.”