Intel's stock more than doubles in April for best month in chipmaker's 55 years on Nasdaq

Intel's CEO Lip-Bu Tan speaks at the company's Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Laure Andrillon | Reuters Intel is on a winning streak unlike any since it became one of the first companies to go public on the Nasdaq nearly 55 years ago. The chipmaker's stock soared 114% in April, closing out its best month on record. It's been an extended rally for Intel, which has enjoyed two of its best days ever in the last seven months, including a 24% jump on April 24, following a blowout earnings report. The stock rose to a record that day for the first time since 2000, and then continued to rise. Intel is in the midst of a turnaround after years of delayed launches and disappointing yields that saw it fall far behind manufacturing leader Taiwan Semiconductor and chipmaker Nvidia in the race to power artificial intelligence. Wall Street appears convinced the tide may be turning, with Intel's latest 18A chips showing real promise as they churn out of the company's new Arizona plant . At the same time, agentic AI is spinning up a major resurgence in demand for Intel's core product, the central processing unit. Bank of America predicts the CPU market could more than double by 2030, and Nvidia told CNBC in March that "CPUs are becoming the bottleneck" for AI. …