Intel results to test if AI-fueled rally has room to run

Intel’s results on Thursday will show whether the American chip icon has the numbers to back a Wall Street rally that has sent its shares nearly three times higher this year, as its turnaround push wins over investors and the AI buildout powers demand.

Analysts expect the company to report its fastest quarterly revenue growth in about six years thanks ‌to a ⁠demand rebound ⁠for central processors that are increasingly used to help power AI agents. Investors are also eager for details on potential new customers for its contract manufacturing business, which has shown growing traction with deals including a Tesla tie-up.