Intel shares rallied close to 10% in Frankfurt trading on Friday, after the chipmaker posted stronger-than-expected third-quarter earnings driven by aggressive cost-cutting efforts.
The financial results mark Intel’s first quarterly update since major investments from Nvidia, SoftBank and the U.S. government — a capital boost that investors believe could accelerate its turnaround and strengthen its position in the AI and advanced chip manufacturing race.
The stock gained around 7% during U.S. after-hours trading on Thursday, with momentum extending into European markets. Analysts said the results suggest Intel’s restructuring and foundry strategy are gaining traction, helping restore confidence in the company’s comeback plan.
Investors will now be watching closely how quickly Intel can scale its AI server ambitions and narrow its competitive gap with TSMC and Nvidia.