Intel Stock Surges 29% After Stellar Earnings. Why AI Can Drive the Rally Further.

Intel stock was surging 29% ahead of the open Friday as the chip maker’s strong recent rally looked set to go to another level after its first-quarter earnings. ---SNIP--- But Tan, the new dealmaking CEO, has shaken up the narrative. First, he sold a 9% share of the company to the U.S. government, earning the favor of President Donald Trump. Then he formed a loose partnership with Nvidia