Intel stock surges 16% after Q1 earnings beat estimates with $13.58B revenue, 7.2% growth; data center business up 22% as chipmaker recovers from AI lag behind Nvidia, AMD.

Intel's stock soars 16% as results top estimates, with chipmaker showing signs of growth

Intel CEO Lip-Bu Tan holds a wafer of CPU tiles for the Intel Core Ultra series 3, code-named Panther Lake, outside the Intel Ocotillo campus in Chandler, Arizona.Courtesy: IntelIntel reported first-quarter earnings Thursday that blew past Wall Street's expectations, as the struggling chipmaker shows signs of a revival. Shares of the U.S. chipmaker jumped 16% in after-hours trading.Here's how the company did, compared with estimates from analysts polled by LSEG:Earnings per share: 29 cents adjus...