Intel's stock rose by over 22% on April 24, 2026, marking one of its biggest one-day gains in over 50 years. The move came after the chipmaker reported a strong Q1 revenue of $13.58 billion, beating estimates of $12.3 billion and promising optimistic guidance for the current quarter. Analyst Dan Niles, founder and portfolio manager of Niles Investment Management, had already been riding the wave of Intel's rise. Despite initially being labelled a "new idea" by some analysts, Niles remained positive and maintained his focus on Intel's potential for upside. Intel's first-quarter earnings showed revenue up 7.2% year over year and its data center and AI segment posted a 22.4% increase from the previous year due to surging demand for central processing units that are now critical to AI workloads. Niles believes that the shift towards CPUs in AI infrastructure is a significant shift, not just the price, but the structural shift towards them.