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Barchart
Jabran Kundi

Intel Earnings Confirm CPU Demand Is Outpacing Supply, But Does the Company Really Have an Edge?

Donald Trump LipBu Tan INTC CCG Intel Corporation Intel Foundry TD Cowen

Intel (INTC) stock was up nearly 30% after reporting strong Q1 performance. It has gained 4x since the day Donald Trump met CEO Lip-Bu Tan in August last year. Before that meeting, the president had called for Lip-Bu Tan's resignation. After the meeting, he was all praise for the CEO’s amazing life story. What happened in between is anybody’s guess, but one thing was clear: Donald Trump wanted to revive the struggling giant, and whatever happened at the meeting finally seems to be bearing fruit.

Up until the end of the first quarter, nobody gave Intel a chance. After all, the stock still hadn’t reached the dot-com bubble highs, and it was difficult to back a giant that seemed to be dying a slow death. There are still question marks over Intel’s ability to execute to serve the increasing demand for CPUs and benefit from the supply crunch. 

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