# Intel shares jump 20% in extended trade after strong AI-led forecast for Q2.Intel's results and subsequent surge afterhours also triggered a similar upmove in its peer AMD, which also surged 7% inextended trading.

*business · news · 2026-04-23 · CNBC TV18*

## Key points

- Intel forecasted Q2 revenue of $13.8–$14.8 billion, surpassing analyst expectations of $13 billion.
- Intel's data center division grew revenue by 22%, driven by increased CPU demand and AI workloads.
- Intel repurchased a 49% stake in its Ireland chip fab from Apollo Global Management to boost capacity.
- Elon Musk acknowledged Tesla may become an Intel customer, with both companies exploring manufacturing efficiencies.
- The Trump Administration is currently the largest shareholder in Intel, with Nvidia and SoftBank also investing.

**Companies:** Intel, Tesla, Nvidia, AMD
**Countries:** United States, Ireland

[Read the full story on CNBC TV18](https://www.cnbctv18.com/market/intel-corp-share-price-jump-afterhours-strong-q1-results-q2-guidance-trump-nvidia-softbank-shareholding-19892404.htm)

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