Still rising demand for AI semiconductor chips means good things for Intel -- and for Nvidia stock.

Intel surged after the chip maker posted solid first-quarter results, sending shares of industry peers higher, as well.

Interestingly, it was Nvidia that replaced Intel in the Dow Jones Industrial Average in November 2024 following the latter's underperformance for years. Since that change, Intel’s shares have risen about 260%, while Nvidia has gained around 50%.

Alphabet is enjoying strong demand for the AI processors it designed in-house.

Nvidia (NVDA) stock jumped 5% Friday, surpassing $5 trillion market cap as Intel's strong Q1 earnings fueled a rally across the chip sector.

Shares of Intel have more than doubled this year on optimism that backing from the government will help the company's position in AI.

By Zaheer Kachwala, Max A. Cherney and Stephen Nellis April 23 (Reuters) - Intel forecast second-quarter revenue above Wall Street expectations on Thursday, underscoring booming demand for the company's server processors used for artificial intelligence in data centers.

Shares of Intel (NASDAQ:INTC | INTC Price Prediction) are ripping higher in Friday premarket trading, last quoted near $83.50 after the chipmaker delivered a blowout Q1 2026 earnings report. That move pushes INTC stock above 100% year-to-date in 2026,

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