Nvidia (NASDAQ: NVDA) stock jumped 4.9% through noon ET Friday. Strange as it sounds, this was all because of Intel (NASDAQ: INTC)! Intel blew past analyst forecasts for $0.01 in pro forma earnings last night, reporting $0.29 per share instead. Sales of $13.6 billion likewise beat expectations for $12.4 billion.

Intel’s stronger-than-expected quarterly results ignited a rally across semiconductor stocks, propelling Nvidia to a record $5 trillion market value and lifting the Philadelphia Semiconductor Index to its 18th straight gain. Surging demand for Intel’s ...

Intel reported strong adjusted earnings per share, revenue, and forward guidance in its first-quarter earnings report.

SK Hynix stock climbed 7% to a record high after Intel's earnings fueled AI chip optimism, while Samsung gained just 2.5% amid strike concerns.

Interestingly, it was Nvidia that replaced Intel in the Dow Jones Industrial Average in November 2024 following the latter's underperformance for years. Since that change, Intel’s shares have risen about 260%, while Nvidia has gained around 50%.

Wall Street’s view on Intel (NASDAQ:INTC | INTC Price Prediction) stock leaned bullish this morning. Citi upgraded Intel to Buy from Neutral with a $95 price target, up from $48, while Evercore ISI’s Mark Lipacis moved to Outperform from In Line with a $111 target,

However, Nvidia is no longer the only option available. There are other chip designers tailoring their designs for specific workloads, giving them an advantage over more broad-purpose GPUs. Broadcom (NASDAQ: AVGO) is the most popular pick in that sector, but there's another one that investors need to watch out for: Amazon (NASDAQ: AMZN).

Intel is preparing to launch its Nova Lake CPUs with a new LGA 1954 socket designed to support multiple future generations, signaling a shift toward platform longevity. The move comes as Nvidia reaches a $5 trillion market cap amid surging AI ...