New Delhi, April 23 -- Intel Corp. stock surged more than 4% Thursday as the market awaited the chipmaker's first-quarter financial results. Investors are primarily focused on Intel's strategy to fix supply-chain bottlenecks that have hindered its capacity to scale production for surging AI-related enterprise demand.

Wall Street anticipates adjusted earnings of 1 cent per share-a 92% plunge year-over-year-alongside a fall in revenue to $12.4 billion. Gross margins are expected to contract to under 35%, down from 39% in Q1 2025. This follows a two-year trend where the company repeatedly fell short of revenue projections.

By 12:29 p.m. EDT, shares rose 4.17% to $68. The stock has rallied roughly 80% this year, buoyed by major partnerships...