#IntelandTexasInstrumentsSurge

THE SEMICONDUCTOR SECTOR JUST HAD ITS BIGGEST WEEK IN YEARS

Intel and Texas Instruments Rewrote the Script April 24, 2026
Two companies. Two blowout earnings reports. One week that changed how Wall Street thinks about chips.
Intel surged 23.6% on April 24 its best single-day performance since October 1987. Texas Instruments jumped nearly 19% on April 23 its best day since the year 2000. Together, they didn't just beat estimates. They shattered them. And the reason behind both surges tells a much bigger story about where the AI economy is actually heading.

INTEL THE COMEBACK NOBODY SAW COMING
Intel reported Q1 2026 revenue of $13.6 billion, up 7% year over year. The Data Center and AI unit brought in $5.1 billion a 22% year-over-year gain. Non-GAAP EPS of $0.29 came in well ahead of the $0.01 analysts had expected.
Analysts expected one cent per share. Intel delivered twenty-nine cents. That is a 2,800% EPS surprise.
AI-driven businesses accounted for 60% of Intel's total revenue and grew 40% year-over-year. Over 60% of client CPU mix is now AI-enabled.
The catalyst? Agentic AI. As agentic workloads shift compute needs beyond Nvidia's GPUs, the once-sleepy CPU market has taken off. Intel CEO Lip-Bu Tan put it plainly on the earnings call: "The CPU is reinserting itself as the indispensable foundation of the AI era."
Key wins this quarter: Intel and Google announced a multiyear collaboration deploying Xeon processors across Google's AI workloads, alongside co-development of custom ASIC infrastructure processing units. Intel Xeon 6 was also selected as the host CPU for NVIDIA's DGX Rubin NVL8 systems.
Intel powering Nvidia's own AI infrastructure. Let that land.
Intel 18A, the company's first angstrom-era process node featuring RibbonFET and backside power delivery, entered high-volume manufacturing during Q1 2026. For Q2 2026, Intel guided revenue of $13.8 billion to $14.8 billion the first GAAP-positive guidance since Q2 2024.
The turnaround is not coming. It is here.

TEXAS INSTRUMENTS THE INDUSTRIAL AI GIANT
Texas Instruments reported Q1 revenue of $4.8 billion, up 19% year over year and above the high end of guidance. Second-quarter revenue guidance of $5.20 billion representing 17% year-over-year growth came in well ahead of the $4.87 billion consensus estimate.
TI's data center chip business grew 90% year over year. Industrial its largest end market at 33% of revenue rose approximately 30% year over year, with recovery visible across robotics and aerospace and defense. EPS reached $1.68, up 31% year-over-year. The stock hit a record high.

TI anticipates chip pricing will rise sequentially in the second half of 2026 as industrial and data center customers compete for supply. Lead times have lengthened and channel bookings have significantly improved.

TI has raised its dividend for 22 consecutive years with a current yield of approximately 3%. It also announced an all-cash acquisition of Silicon Labs for $7.5 billion, targeting $450 million in annual synergies directly addressing gaps in IoT connectivity with Wi-Fi, Bluetooth, and Zigbee patents.

THE RIPPLE EFFECT
Arm Holdings surged approximately 15% and AMD jumped over 13% on April 24, as investors bet the agentic AI buildout lifts all CPU designers. The entire semiconductor ecosystem moved because the market is finally pricing in what engineers have known for months: the next phase of AI runs on CPUs, analog chips, and the full infrastructure stack, not GPUs alone.

THE BOTTOM LINE
This week proved that companies Wall Street had written off as legacy were not legacy at all. They were waiting for the right moment.
That moment arrived April 23 and 24, 2026.
Study the fundamentals. Respect the cycle. The chips are down and they are winning.