US Top News and Analysis | Intel's stock more than doubles in April for best month in chipmaker's 55 years on Nasdaq AI generated summary, Read the full article for complete information. Intel’s shares surged 114 percent in April 2024, marking the chipmaker’s best month in its 55‑year Nasdaq history and pushing its market value past $470 billion. The rally was driven by a blowout earnings report, strong demand for its central‑processing units as AI workloads expand, and the rollout of new 18A CPUs from its Arizona fab. Under CEO Lip‑Bu Tan—who took over in March 2025 after a disastrous 2024 that saw the stock fall 60 percent—Intel is pursuing a turnaround focused on in‑house manufacturing (foundry) and advanced packaging, attracting interest from hyperscalers like Google, Microsoft and Amazon as well as partners such as Tesla, SpaceX and Intel’s own Ireland chip plant. The company’s resurgence is also bolstered by a 10 percent U.S. government stake acquired under the CHIPS Act, positioning Intel as the only U.S.‑based firm able to produce the most advanced AI‑ready chips domestically. Read more: https://www.cnbc.com/2026/04/30/intel-has-best-month-ever-after-years-of-losing-to-tsmc-and-nvidia.html #Intel #Nasdaq #ElonMusk #TSMC #LipBuTan