Why Intel (INTC) rose 11.64% on August 4, 2026

Intel (INTC) rose 11.64% on August 4, 2026 — Q2 beat on data-center and AI strength fuels rally.

Intel beat Q2 revenue expectations, with data-center and AI segments delivering strength despite supply constraints, signaling the company is gaining traction in its AI processor roadmap and hyperscaler design wins.

Better-than-expected revenue from data-center and AI workloads proves Intel's Xeon refresh and custom AI processors are capturing demand; improved execution reduces anxiety around competitive losses to AMD and validates…

Intel's recovery depends on AI data-center share gains and process node catch-up—this earnings beat shows progress on both, reinforcing the Chip Supply Chain recovery narrative as hyperscaler capex sustains.

If supply constraints worsen or hyperscaler AI demand proves cyclical rather than structural, the rally fades; also watch gross margin—if it compresses due to competitive pricing, the beat's sustainability weakens.