Bloomberg Surveillance · Thursday, July 23, 2026
Intel reported surprisingly strong revenue for the current period, with a surge in data center spending, particularly for AI computing, fueling a turnaround. Sales in the data center segment increased by 59% last quarter, more than doubling Intel's overall growth rate. However, analysts expressed uncertainty about the sustainability of this demand, noting that competitors like AMD and Nvidia are also focusing on CPUs and offering integrated systems, not just chips.
“Intel delivered a surprisingly strong revenue forecast for the current period, indicating that a surge and data center spending is helping chip makers turn around.”
“It is, and it's led by something we all expected. Data centers. You know, that's where you are seeing the demand.”
“The only thing I'm not very sure about is how it translates into sustainable demand because everyone else is also making CPUs, whether it's in media, whether it's Google, uh, you know, even the likes of AMDs, they're all focused on CPUs. So Intel is not a monopoly that it used to be.”