Intel reported Q1 revenue of $13.6 billion, beating the $12.4 billion consensus by 9.4%, and data Centre and AI revenue rose 22% to $5.1 billion. Non-GAAP earnings per share of $0.29 beat the 1-cent consensus by a factor of 29. The company's stock has risen by over 80% this year. The turnaround is attributed to "unprecedented demand for silicon" driven by the shift of AI workloads towards CPU-heavy inference and agentic computing architectures. The stock is up 84% in 2025 and more than 80% further in 2026, a remarkable recovery for a company that cut 15% of its workforce in July 2025 and cancelled chip fabrication projects in Germany and Poland. The segment driving the turnaround is Data Centre andAI (DCAI), which saw a 22% year-on-year increase in revenue and operating income reaching $1.5 billion. The firm also announced it will collaborate with Elon Musk on the planned Terafab semiconductor facility in Austin.