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Intel's revenue rose 25% in its most recently reported period, the company disclosed, the fastest rate of top-line growth the chipmaker has recorded since the third quarter of 2011.
Intel attributed the result to the artificial intelligence boom. A growth rate absent for nearly 15 years The 25% figure represents revenue expansion Intel has not matched in almost 15 years.
The company said AI demand drove the gain. The third quarter of 2011 is the last comparable period, the disclosure shows. Stock falls on the news Shares fell after Intel posted the result.
The company named the AI boom as the driver of the gain, its strongest top-line growth since the third quarter of 2011, yet shares declined on the disclosure.
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