"Shares of Intel ( NASDAQ:INTC | INTC Price Prediction) are trading at $115 in midday action Thursday, down 4% on the session. Even with today's pullback, INTC stock has gained 82% over the past month, a truly impressive move. The natural question for chip investors is whether Intel is actually beating Advanced Micro Devices ( NASDAQ:AMD). AMD stock is at $445, roughly flat today, and has rallied 75% over the same one-month window."
"The short answer is yes, Intel is outpacing AMD across every relevant timeframe. The longer answer is more nuanced, because the two rallies are powered by very different stories. Turnaround Catalysts Power the Intel Move The Intel rally is a classic turnaround re-rating. Reports of a preliminary chip manufacturing agreement with Apple have been the headline catalyst, and Reddit sentiment on WallStreetBets flipped to very bullish during the May 4 to May 5 news cycle."
"Intel's Q1 FY2026 report on April 23 delivered non-GAAP EPS of $0.29 against a $0.0127 estimate, with revenue of $13.58 billion rising 7% year over year. Data Center and AI revenue jumped 22%, and Intel Foundry climbed 16%. Strategic wins added fuel. Intel Xeon 6 was selected as the host CPU for NVIDIA's ( NASDAQ:NVDA) DGX Rubin NVL8 systems, and Mizuho today raised its Intel price target to $124 from $100 on the agentic AI server demand thesis."
"AMD's rally rests on different footing. Advanced Micro Devices stock is rallying on operational momentum and continued share gains. Q1 FY2026 revenue grew 38% year over year, and Data Center revenue surged 57%, dwarfing Intel's 22% DCAI growth. AMD's non-GAAP gross margin sits at 55% compared to Intel's 41%, and the company secured a Meta Platforms ( NASDAQ:META) commitment to deploy up to 6 gigawatts of AMD Instinct GPUs."
Intel shares trade around $115 and are down about 4% on the day, while still gaining roughly 82% over the past month. Intel’s outperformance versus AMD is attributed to a turnaround re-rating supported by reports of a preliminary chip manufacturing agreement with Apple and a shift to bullish retail sentiment. Intel’s Q1 FY2026 results show non-GAAP EPS of $0.29 versus a much lower estimate, with revenue up 7% year over year. Data Center and AI revenue rises 22%, and Intel Foundry increases 16%. Intel also wins design selections such as Xeon 6 for NVIDIA DGX Rubin systems, and analysts raise price targets on agentic AI server demand. AMD’s rally is powered by faster operational growth, including 38% revenue growth and 57% Data Center growth, higher non-GAAP gross margin at 55%, and a Meta commitment for up to 6 gigawatts of Instinct GPUs.
Read at 24/7 Wall St.
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