Intel and Nvidia Stocks Surge After Q1 Earnings: Wall Street Reacts to Strong Results and Market Shifts

Intel Corporation’s stock surged more than 25% in early trading on Friday, April 24, 2026, following the release of its first-quarter financial results that exceeded Wall Street expectations on both revenue and earnings.

The company reported adjusted earnings per share of $0.29 on revenue of $13.6 billion for the quarter, significantly surpassing analyst consensus estimates of $0.01 per share and $12.36 billion in revenue, according to Bloomberg data cited in financial reports.

Intel’s Data Center and AI business generated $5.1 billion in revenue during the period, outperforming expectations of $4.41 billion. This marks the sixth consecutive quarter in which the company has exceeded its own revenue forecasts, reflecting sustained momentum in its core operations.

CEO Lip-Bu Tan attributed the performance to shifting demand in the AI sector, stating that “the next wave of AI will bring intelligence closer to the end user, moving from foundational models to inference to agentic,” which is increasing the need for Intel’s CPUs, wafer production, and advanced packaging capabilities.