Intel Corporation surged more than 25% at Friday’s open, trading near $85.96 after reporting Q1 2026 adjusted EPS of $0.29 against a consensus estimate of just $0.02 — a 1,350% surprise — while revenue of $13.58 billion exceeded forecasts by 9.4%. The S&P 500 opened at 7,121, up 0.18%, with the Nasdaq gaining 0.6% as the semiconductor sector led broad tech resilience. AMD shares rose 10% in sympathy following a D.A. Davidson upgrade to Buy, with Intel’s CEO declaring the CPU ‘the indispensable foundation of the AI era.’
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