By Daniel Sparks
Publication Date: 2026-04-27 18:07:00
Last week was a huge week for chip stocks. Earnings reports from Intel (INTC +1.18%) and Texas Instruments (TXN 2.86%) demonstrated that the AI boom is alive and well, and chip stock investors took this as a bullish signal.
Both companies reported revenue and earnings that crushed analyst expectations, and their guidance was equally as staggering. Even more, these companies’ reports confirmed that the AI revolution is so big that it’s expanding far beyond just graphics processing units (GPUs).
“The next wave of AI will bring intelligence closer to the end user, moving from foundational models to inference to agentic,” explained Intel CEO Lip-Bu Tan in the company’s first-quarter update. “This shift is significantly increasing the need for Intel’s CPUs and wafer and advanced packaging offerings.”
Imag source: Getty Images.
On a similar note, Texas Instruments CEO Haviv Ilan explained during the company’s first-quarter earnings call that it is well-positioned to capture the growing demand for power electronics, as they are a critical enabler of the significant power and energy going into data centers in an AI era. As a key driver of Texas Instruments’ biggest product segment, Analog (which accounts for more than 81% of Texas Instruments’ total revenue), management views its strength in power electronics as a competitive advantage as the AI boom continues to unfold.
With such strong reports from these two companies confirming a seemingly insatiable appetite for AI-enabled
