Intel Corp.’s (NASDAQ:INTC) blowout first-quarter earnings report is lifting the broader semiconductor space, with shares of Advanced Micro Devices Inc (NASDAQ:AMD) and Arm Holdings PLC – ADR (NASDAQ:ARM) catching a strong sympathy bid in Thursday’s session.
- AMD stock is climbing. See the chart and price action here.
Intel delivered a stunning first quarter beat after the close, posting earnings of 29 cents per share on revenue of $13.58 billion — obliterating Wall Street’s consensus estimates of one cent EPS and $12.42 billion in revenue.
The top-line figure also represents a meaningful year-over-year improvement from the $12.67 billion Intel reported in first quarter 2025.
Forward guidance was equally impressive, with Intel projecting second quarater revenue of $13.8 billion to $14.8 billion against analyst expectations of $13.07 billion. Intel shares surged nearly 15% in extended trading to $76.71, capping a month in which the stock had already rallied roughly 50%.
AMD, ARM Stocks Climb
The read-through for semiconductor peers was immediate.
AMD stock climbed 4.04% to $317.62 in after-hours trading, with the stock continuing to attract momentum as Intel’s results signal strengthening demand across the chip ecosystem.
ARM Holdings also surged, per Benzinga Pro, underscoring investor appetite for semiconductor names broadly as AI-driven chip demand accelerates.
Intel CEO Lip-Bu Tan pointed to shifting AI infrastructure dynamics as a key tailwind, noting that the transition from foundational AI models to inference and agentic workloads is “significantly increasing the need for Intel’s CPUs and wafer and advanced packaging offerings.”
That macro narrative benefits the entire chip sector, as AMD competes directly in the CPU and data center GPU markets, while Arm’s architecture powers a wide swath of AI edge and mobile inference applications.
With Intel’s results marking its sixth consecutive quarter of revenue above expectations, the AI revolution tide is lifting all boats — and AMD and Arm investors are taking notice.
Photo: Bigc Studio / Shutterstock
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