Intel soars 23% to surpass dot-com record highs after blowout sales forecast

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• Intel stock surged on Friday to a record high after it reported first-quarter earnings.
• The chipmaker reported solid results and exceeded analysts' estimates for Q2 revenue.
• AI-driven demand for its CPUs helped boost the results.

The move: Intel stock soared 23% on Friday to a record, trading as high as $85.22 before closing out the day at $82.57. Shares of the chip manufacturer have been on a tear recently, with Friday's rally bringing the year-to-date gain to 120%.