Intel's stock is back near record highs as the AI boom moves beyond GPUs

Intel beat March-quarter revenue expectations at $13.6 billion and raised its current-quarter outlook as data-center and packaging demand improved.

Management said AI is shifting from model training toward inference and agentic workloads, which should increase demand for CPUs alongside GPUs.

Intel still posted a reported net loss because of one-time charges and remains behind Nvidia and AMD in AI accelerators.

The update suggests AI infrastructure spending may broaden beyond GPU-heavy systems, potentially helping Intel’s processors and manufacturing business.