Intel Stock Soars Nearly 20% Overnight As Jim Cramer Says 'Paranoid' INTC Is Back, Gene Munster Notes AI Boom Still Early
Intel Stock Soars Nearly 20% Overnight As Jim Cramer Says 'Paranoid' INTC Is Back, Gene Munster Notes AI Boom Still Early
Ananya GairolaSat, April 25, 2026 at 2:01 PM UTC
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On Thursday, Intel Corporation climbed nearly 19.95% in after-hours trading to $80.10 after closing at $66.78, up 2.31% in the regular session, following stronger-than-expected first-quarter results.
Intel Earnings Crush Estimates, Stock Jumps
The chipmaker reported earnings of 29 cents per share, far exceeding the consensus estimate of 1 cent.
Revenue came in at $13.58 billion, topping expectations of $12.42 billion and rising from $12.67 billion a year earlier.
Jim Cramer: ‘Paranoid Intel Is Back'
Market commentator Jim Cramer struck a bullish tone. "The paranoid Intel is back!! … Really terrific conference call."
The paranoid Intel is back!! And good partners with Elon.. Really terrific conference call.
— Jim Cramer (@jimcramer) April 23, 2026
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In a separate post, Cramer added, "Intel can still be bought, but so can AMD and ARM — the latter being the horse to be on now," he said, referencing Advanced Micro Devices, Inc. and Arm Holdings.
Intel can still be bought, but so can AMD and ARM the latter being the horse to be on now
— Jim Cramer (@jimcramer) April 23, 2026
Futurum Group CEO Daniel Newman took to social media and said that Intel shares are reaching record levels even before its foundry business begins to make a meaningful contribution.
"Intel has a bright future and it's still very early," Newman stated.
$INTC now at all time highs before Foundry is even meaningfully contributing. Intel has a bright future and it's still very early. 👏🏻👀🔥 pic.twitter.com/AIm7T84kL2
— Daniel Newman (@danielnewmanUV) April 23, 2026
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Gene Munster: AI Boom Still In Early Stages
Deepwater Asset Management's managing partner took to X and said that Intel's results reflect a broader industry trend tied to artificial intelligence.
"Results go beyond Intel and remind us how early we are in the AI buildout," Munster said.
He also shared a video from his appearance on CNBC, in which he noted that his firm had exited its position in Intel.
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He described Intel as a company that had been "on the ropes," with declining revenue and talent departures, but is now showing signs of a sharp turnaround.
Munster framed the shift as part of a broader industry dynamic, saying the surge reflects a "rising tide" driven by accelerating demand for AI infrastructure
$INTC results go beyond Intel and remind us how early we are in the AI buildout. https://t.co/eWyO1mQMRF
— Gene Munster (@munster_gene) April 23, 2026
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Elon Musk Deal Signals Strategic Momentum
On Wednesday, Elon Musk said Tesla Inc. plans to use Intel's next-generation 14A manufacturing process for chips at its proposed Terafab facility in Austin.
The move could mark Intel's first major external customer for its advanced foundry technology, a key step in competing with TSMC.
Analyst Ming-Chi Kuo noted that limited alternatives likely played a role, as Taiwan Semiconductor Manufacturing Company's capacity remains heavily booked while rivals focus on other high-margin opportunities.
From another angle, the key reason Terafab chose Intel is the lack of real alternatives. TSMC's capacity is effectively locked in for years by high-margin demand, while Samsung continues to ride the memory supercycle with outsized returns. With visibility for both companies out… pic.twitter.com/mprLjdVNMO
— 郭明錤｜Ming-Chi Kuo (@mingchikuo) April 23, 2026
Intel ranks in the 96th percentile for Momentum on Benzinga Edge, highlighting its robust performance across short, medium and long-term trends.
Photo: Tupungato / Shutterstock
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