INTC, AMD, POET Stocks Hit 52-Week Highs Last Week: What's Driving The Rally?

• Intel beat Q1 expectations as strong data center demand fueled a revenue rebound, sending the stock up over 23% in one session.
• DA Davidson upgraded AMD to Buy and raised its target to $375 from $220.
• POET Technologies surged after confirming a Marvell-linked purchase order. 

Intel (INTC), Advanced Micro Devices (AMD), and POET Technologies (POET) all surged to fresh highs on Friday as demand broadened beyond graphics processing units and investors focused on the infrastructure required to run autonomous artificial intelligence systems, shifting attention toward CPUs and optical connectivity. 

While Intel and POET Technologies' stocks surged by 23% and 28%, respectively, Advanced Micro Devices' stock shot up by over 13%. 

INTC’s Surprise Comeback

Intel posted stronger-than-expected first-quarter (Q1) earnings, with data center demand driving a sharp revenue rebound and helping the stock jump over 23% in a single session. 

The company reported Q1 revenue of $13.6 billion, a 7% year-over-year increase, while adjusted earnings more than doubled to $0.29 per share. A notable highlight was Intel’s foundry division, which posted a 16% revenue increase.  

Intel issued an upbeat Q2 outlook, projecting revenue of $13.8-$14.8 billion, well above the $13 billion consensus estimate, according to Fiscal AI data. The company also guided for earnings of $0.20 per share, significantly higher than analysts’ forecast of $0.09 per share, reinforcing expectations of continued momentum in its business recovery.

AMD Gets A Lift 

AMD (AMD) also advanced to fresh record highs, benefiting from Intel’s strong performance and rising demand trends. The stock gained additional support as major hyperscale customers, including Meta Platforms (META) and OpenAI, increased their deployment of AMD’s accelerator systems across large-scale AI infrastructure. 

On Friday, DA Davidson upgraded the stock to ‘Buy’ from ‘Neutral’ and lifted its price target sharply to $375 from $220. The firm pointed to a “structural increase” in demand for CPUs and improving visibility into AMD’s positioning within the expanding data center buildout. 

POET Extends Rally As AI Infrastructure Bets Intensify

POET Technologies experienced a sharp surge in investor interest following disclosures linking the company to new commercial activity involving Marvell Technologies.

CFO Thomas Mika confirmed the order during a Stocktwits interview. The announcement helped ease concerns raised by short sellers and boosted investor confidence in POET’s optical interposer technology, which is designed to replace conventional copper connections with faster, light-based data transmission systems for advanced computing applications.

So far this year, INTC and POET stock have surged over 123% and 138%, respectively, while AMD has gained over 62%. 

Also See: Michael Burry Ramped His SFM Stock Position To 3% — Here's Why He Sees 'Long Runway' Despite Near-Term Pain

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