Intel stock more than doubles in April as AI-era CPU demand and turnaround hopes build
CNBC says Intel shares rose 114% in April — the best month in the chipmaker’s Nasdaq history — as investors rallied behind a turnaround story and growing AI-driven demand for CPUs and data-center capacity.
Intel shares surged 114% in April 2026, which CNBC called the company’s best month in its 55 years on Nasdaq, lifting its market cap above $470 billion. The move followed a sharp April 24 jump after earnings and rising optimism that Intel’s turnaround is gaining traction under CEO Lip-Bu Tan.
CNBC notes that demand tied to AI is boosting Intel’s core CPU business, with executives and analysts pointing to CPUs as an emerging bottleneck for AI systems and reporting strong pricing and availability dynamics for Intel’s data-center CPUs.
Read the original reporting at CNBC.
