The Globe and Mail reports in its Friday edition that Intel forecast second-quarter revenue above Wall Street expectations Thursday, underscoring booming demand for the chipmaker's server chips used in artificial-intelligence data centres. A Reuters dispatch to The Globe says shares of Intel surged 15 per cent in extended trading, adding $49-billion to its market value and extending its 81-per-cent rebound so far this year (all figures U.S.). Intel expects revenue of between $13.8-billion and $14.8-billion, compared with an estimate of $13.07-billion. After years of management blunders left the former icon of chipmaking out of the AI boom, chief executive officer Lip-Bu Tan put a revival plan in place to shore up Intel's balance sheet through asset sales and layoffs. Mr. Tan also secured large investments and struck deals with the U.S. government, SoftBank and Nvidia, giving Intel much-needed fuel to put into its manufacturing operations and inspire strong investor confidence in the company's long-term outlook. While Intel missed out on the early years of the AI boom, a new opportunity in the form of advanced central processing units (CPUs) has emerged as cloud providers shift from training models to deploying them.