Intel’s Data Center Surge Propels AMD Shares 14% Higher
AMD shares jumped 14% to all-time highs after Intel reported a 22% rise in data center and AI revenue, sparking a semiconductor sector rally. The Philadelphia Semiconductor Index notched a historic 17-day win streak with a 42% surge, lifting AMD’s contribution to leading chip ETFs.
1. Intel Earnings Spark Sector Rally
Intel reported Q1 revenue of $13.58 billion, beating expectations, with data center and AI division sales up 22% to $5.1 billion and adjusted net income climbing 156% to $1.5 billion. This performance drove Intel’s shares up over 21% and triggered a broad rally across semiconductor stocks, setting the stage for AMD’s surge.
2. AMD Shares Surge to Record Highs
Riding the sector momentum, AMD shares climbed 14% to record levels, outpacing peers such as Broadcom and Nvidia. Investors cited rising demand for CPUs in agentic AI applications and AMD’s competitive product roadmap as key catalysts for the sharp advance.
3. Record Chip Index Win Streak
The Philadelphia Semiconductor Index achieved a historic 17-day winning streak, marking a 42% gain since early April after a U.S.-Iran ceasefire announcement eased geopolitical concerns. Semiconductor ETFs SOXX and SMH posted 30% and 25% monthly gains respectively, with AMD among the top contributors to the record run.