Overview
- Intel shares jumped as much as 27% Friday after an outlook beat tied to AI demand, pushing the stock above its dot‑com era high.
- CEO David Chen said AI work is moving from training to inference, which runs trained models in real time and relies more on CPUs, tightening the CPU‑to‑GPU mix from about 1:8 toward 1:4 with a path to near parity.
- Intel’s Data Center and AI revenue rose 22% to $5.1 billion, and the CFO said tight supply led the company to sell finished inventory, including lower‑binned and older chips.
- Reports said Intel told China’s cloud providers to expect severe CPU shortages for the next two quarters, with supply seen stabilizing by year‑end though some buyers question that timeline.
- Foundry revenue grew 16% to $5.4 billion but posted a $2.4 billion operating loss, and Intel said new Penang capacity should start adding revenue in 2027 as it flags a weak PC market this year.